May 13, 2024 12:19 GMT
Tight Ranges Intact, Incremental Bull Flattening On Curve
GILTS
A round of fresh demand only results in a shallow rally, with spill over from wider core global FI markets dominating thus far.
- Gilt futures stick to the 27-tick range established early today, last +13 at 97.78.
- Cash gilt yields are 0.5-1.5bp lower across the curve, with a modest flattening bias, perhaps promoted by the BoE’s impending short maturity gilt sales from the APF.
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