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Rate futures market make new lows

BONDS
  • US Treasuries, TYA sold in 3k, USA 1k Nasdaq now in another 1k.
  • In Rates, US SFR red and back end strip make fresh lows for their respective expiries, pushing the curve steeper.
  • In UK Rates, although SONIAs are off their lows, the short end curve is seeing further steepening, this was seen as one of the driver for the Gilt underperformance Yesterday afternoon, although no clear catalyst were given for the sudden move.

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