Gilts Opening Calls: Futures Seen Opening Higher, Near 126.18/08
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Gilt futures called to open higher, with bunds and Treasuries underpinned by continued stock weakness.
- U.K. to tap 1.5% 07/2047 for GBP2b at 11:30am CET; equivalent to GBP4.4m/bp in risk
- Expect auction to be well received, with some marginal demand also expected on the back of month-end extensions, writes RBC in a client note
- Both RBC and Santander see the bond as cheap in micro-RV and recommending buying the bond on the 45s/47s/49s fly and 46s/47s/49s fly, respectively
- Gilt 10Y futures called to open at 126.18 (0.15) RX ref: 159.74
- Called to open at 126.08 (0.05) based on TY ref: 124.38
- NOTE: Opening call levels are derived from prices of equivalent bund futures since 7pm CET previous trading day; changes vs gilt closing prices at 7pm CET
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283