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Off Lows, Tight Ranges Remain In Play

GILTS

Gilt futures tick away from session lows after a brief and limited look through their early London base.

  • The move comes alongside similar flows in Bunds and Tsys.
  • That leaves the contract -20 or so. ~20 off worst levels.
  • Cash Gilts sit 1-3bp cheaper, with a light bear flattening impulse in play.
  • SONIA futures also operate off lows, last showing flat to 5bp cheaper through the blues.
  • Macro headline flow has remained subdued over the last couple of hours, with participants awaiting the raft of central bank rhetoric out of Jackson Hole.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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