Treasury futures traded higher Thursday, strengthening a bullish theme. Moving average studies reinforce current trend conditions - they remain in a bull-mode position, highlighting a dominant uptrend. Recent gains have resulted in a print above 111-22+, the Dec 3 ‘24 high. A clear breach of this level would open 112-02 and 112-13, Fibonacci projections. Firm support is unchanged at 110-00, Feb 7 high.
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EURIBOR FIX - EMMI/Bloomberg
Corrected to include yield tail.
| 4.375% Mar-28 Gilt | Previous | |
| Amount | GBP4.25bln | GBP4.25bln |
| Avg yield | 4.294% | 4.384% |
| Bid-to-cover | 3.09x | 3.20x |
| Tail | 0.5bp | 0.2bp |
| Avg price | 100.228 | 99.974 |
| Low price | 100.213 | 99.967 |
| Pre-auction mid | 100.218 | 99.961 |
| Previous date | 23-Jan-25 |
| 4.375% Mar-28 Gilt | Previous | |
| Amount | GBP4.25bln | GBP4.25bln |
| Avg yield | 4.294% | 4.384% |
| Bid-to-cover | 3.09x | 3.20x |
| Avg price | 100.228 | 99.974 |
| Low price | 100.213 | 99.967 |
| Pre-auction mid | 100.218 | 99.961 |
| Previous date | 23-Jan-25 |