April 03, 2024 13:53 GMT
Weaker On U.S. Data, Futures & 10s Eye Mid-March Tech Levels
GILTS
Cross-market outperformance still evident for gilts across most of the curve.
- U.S. data has taken core global bond futures through prior session lows, with gilt futures through initial technical support located at yesterday’s low (98.20).
- The Mar 15 low provides key short-term support (98.05).
- 10-Year yield resistance is located at the Mar 15 high (4.125%), last printing 4.107%.
- U.S. services ISM data eyed in the immediate term.
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