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Through Resistance/Session Highs With BoE Looming

GILTS

Gilt futures push through session highs, last at 96.54, as we head toward the cash close and the BoE decision comes into focus Thursday (and helped by US Treasury futures touching the day's best levels).

  • That marks a tentative break of resistance at 96.49, the Sep 14 high, which was tested late morning as the soft CPI print was digested.
  • As we noted earlier in the session, a decisive break higher would confirm a resumption of the bull cycle that started Aug 17, and open the 97.00 handle.

Source: BBG

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