• Gilt, BTP and OAT are still leading to the downside, with Gilt catching up with EGBs, since the UK services PMI beat.
  • Technical support will be at 102.10 (100-dma).
  • In Yield terms, the UK 10yr printed a 3.606% high in February, also the highest print since the 3rd January.
  • Reference 102.47, 3.606% equates to 101.92.
  • Gilt/Bund spread sits 4bps wider at 104.19bps, ahead of the February high at 107.78bps.

Chart source: MNI/Bloomberg

BONDS: Gilt, BTP and OAT lead lower

Last updated at:Feb-21 10:20By: Fabrice Ben Hassine
  • Gilt, BTP and OAT are still leading to the downside, with Gilt catching up with EGBs, since the UK services PMI beat.
  • Technical support will be at 102.10 (100-dma).
  • In Yield terms, the UK 10yr printed a 3.606% high in February, also the highest print since the 3rd January.
  • Reference 102.47, 3.606% equates to 101.92.
  • Gilt/Bund spread sits 4bps wider at 104.19bps, ahead of the February high at 107.78bps.

Chart source: MNI/Bloomberg

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