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Session Lows On TSC Commentary

GILTS

Gilts have erased today's gains and moved to session lows on BoE MPC members' Treasury Select Committee testimony.

  • Since TSC comments began emerging (not so much hawkish commentary, as lack of dovish commentary so far), Dec21 Gilts have dropped as much as 19 ticks to sit at 127.95 - next support is at 127.89 (Sep 7 low), beyond that 127.65 eyed (61.8% retracement of the Jun 3 - Aug rally)

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