GILTS: Parallel Shift Lower In UK Yields
Yields ~3bp lower across the UK curve, with the recent recovery rally in the space underpinned by the pullback from highs in the energy markets. * 10s threaten a break below 5.20% after piercing the level yesterday. Next downside target of note in that benchmark is located at the month-to-date low (5.118%). * 2s10s has