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Really underperforming here

GILTS

Gilts is seeing further downside momentum, not exactly clear why UK are under performing so much against EGBs

  • The UK/EU trade getting the final stamp of approval, has been talked about for the past 12hours, and possibly a contributing factor on a more positive outlook.
  • Gilt is now down close to 80 ticks, as short term longs square.
  • Next MNI tech support in the contract comes at 127.32 Low Apr 1
  • UK 10yr yields target the April high at 0.864% next, now at 0.842%

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