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SOFR Decline, Potential Drivers

GILT PAOF RESULTS

GBP562.500mln of the 0.25% Jul-31 gilt sold

US TSYS

Repo Reference Rates -- SOFR Dips to 0.03%

OIL
OIL: Optimism over a potential US-China trade deal alongside speculation of
possible OPEC supply cuts continues to support oil prices.
- Today's trading has been in a relatively tight range. Brent crude trades at
USD62.4/bbl down from a high of USD62.6/bbl while WTI trades at USD56.9/bbl off
a high of USD57.1/bbl.
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com