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Off Best Levels Into NFPs

GILTS

The rally in gilt futures stopped shy of yesterday’s highs, leaving the contract in a narrow 33-tick range, last +32 at 99.65.

  • Familiar technical levels untouched.
  • Cash gilt yields are 1-4bp lower, with 5s outperforming.
  • SONIA futures flat to +4.5 through the blues, BoE-dated OIS shows 63bp of ’24 cuts.
  • Macro headline flow has slowed since this morning’s ECB speak, with North American labour market data set to dominate this afternoon.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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