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Significant levels hit at short-end of gilt curve

GILTS

More parallel curve moves in gilts today, but also moving through some significant levels here, particularly at the shorter-end of the curve.

  • G H2 future: 122.85, next support at 122.81, the 3.50 projection of the Dec 8-16-20 price swing.
  • 2y yields up 1.4bp today at 0.833%: highest since February 2019.
  • 5y yields up 1.3bp today at 1.003%: first time above 1% since March 2019.
  • 10y yields up 1.4bp today at 1.191%: 3bp below the highs of 21 October 2021 which were 1.220%.
  • 30y yields up 1.4bp today at 1.302%: retraced around 70% of the move from the October high in yields of 1.556% to the December low of 0.760%.
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