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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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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.