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Over 60 ticks down on the open

  • GILT/Bund spread 8.2bps wider aft6er the UK contract opens over 50 ticks down, now 67 ticks down, as it catches up with the sell off in Bund and Treasuries yesterday.
  • UK 2yr yield jumps 6bps and highest since mid November
  • Support in Gilt is at 124.17 Low Nov 24 and a key support

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