In Dec this author asked “How low can 10yr  Gilt yields fall?” with the suggestion that we couuld at least re visit the previous low circa 1.46 see in the previous Financial crisis  (ACHIEVED)

( see previous Blog)

Ahead of  tomorrow’s 20150122 , ECB and QE announcement, please see attached update showing a potential move to 1.28% and possibly even 1.14% sometime in mid February?

• Watching upside  Gilt Futures 122.85/95  ( 24s 1.43%) ; 123.45/55 pause  and……………………. (whisper it quietly)…….. 125.10/30 (1.28%

• Missed the Mean Reversion preferred entry 121.30/35 which is the first negative CLOSE and on disappointment watch drop to 120.48/58? Carefully

Summary Gilt (Futuers) Ladder

125.10/30  (1.28%)

123.45/55

122.85/85 (1.43%)

121.25/35

120.48/58