UK DEBT/STIRS: firmer across the board early on Friday

Gilt and Short Sterling futures are extending their post-BoE gains, content, if not confident that it remains one and done in terms of tightening, at least until the Brexit situation becomes clearer. On that note, EU’s Juncker states what everyone knows ahead of Summit day 2, that the next phase of the divorce talks will be much tougher than stage 1, and of course that was hardly a formality! Looking at Liffe in more detail, the 10 year debt future has been 40 ticks ahead on the day at 125.69 vs 125.48 at the low, while the 3 month strip is another 1-2 ticks higher. Note, Bunds are also advancing again and deriving some positive momentum from weaker stocks to trade at 163.69 (+46 ticks).

15 Dec 2017 - 08:27- - Source: ransquawk

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