February 21, 2025 08:09 GMT
GILTS: Little Changed At Open, PMIs Eyed
GILTS
Gilts little changed in the wake of the firmer-than-expected retail sales and less upbeat public borrowing data.
- Futures 92.05. The bull theme in the contract remains intact, initial support and resistance lies at 91.78 & 93.71, respectively,
- Indications point to ~3.2% roll completion at yesterday’s close ahead of H5 first notice on Thursday 27 Feb.
- Look for roll activity to pick up today, if the data permits.
- Yields little changed across the curve.
- Flash PMI data headlines the macro calendar today, with the UK readings set to be released at 09:30 GMT.
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