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Taking Early Lead Over EGBs

GILTS

It is a strong start for gilts, which are outperforming EGBs in early trade. Cash yields are 2-4bp lower, while core EGB yields are broadly down 1-2bp.

  • It was reported over the weekend that the UK government is looking to remove state-owned China General Nuclear Corp from all future power projects in the UK, marking the latest blow to bilateral relations.
  • There are no UK specific data releases or Gilt/UKTB supply today.

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