Renewed upward pressure from Treasury yields plus some stronger underlying details (relative to the headline miss) sees 2Y GoC yields almost fully unwind the dip on CAD CPI.
2YY GoC back to +14bp on the day (Tsy +16.5bp) whilst front BAX yields now sitting 2-3bps higher than before the release.
GILT PAOF RESULTS: GBP464.999mln of the 3.75% Oct-53 gilt sold
Mar-21 13:02
A total of GBP500mln had been available.
This leaves GBP8.46bln of the gilt in issue.
STIR: Large Dec'23 SOFR Put Condor Buy
Mar-21 12:57
+20,000 SFRZ3 94.50/94.75/95.00/95.25 put condors, 4.5 ref 96.765