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Test session high

GILTS
  • Some short term shorts closing on that latest little move higher in Gilts.
  • No new headlines and doesn't look spread related
  • MIND THE GAP: There's a small upside gap to 121.54, but next upside resistance would be seen at 121.71 High Feb 18.
  • Gilt March/June spread has traded 18.5k outright,
  • The spread initially traded up to -166, and now to -176 (-177 is the printed low)

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