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Test yesterday's high

GILTS
  • Gilt takes another leg higher, and testing yesterday's high at 103.70, printed 103.69 high.
  • A clear break above the latter, would open to the October high at 104.39.
  • The outperformance in Gilt future, push the Gilt/Bund spread 2bps tighter.
  • Now trading at 125.00bps ahead of support at 120.00bps, which failed to break last week.

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