Gilts: knee-jerk decline on bigger DMO remit

The 10 year UK debt future turned tail again, briefly, on the above forecast post-budget DMO issuance revision, but has quickly regained the 125.00 handle despite the OBR adding its take on proceedings and concluding that the Chancellor has delivered a decent fiscal boost. Perhaps the bounce in Cable to pre-12.30GMT levels or even better (around 1.3270 vs 1.3250) sums up sentiment overall, in that it was all much as anticipated and flagged beforehand.

22 Nov 2017 - 13:56- - Source: ransquawk

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