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2025-09-17 20:32:07
Key technical levels for UK gilts reveal market trends, with a slight rebound after inflation data. ⑴ UK gilts rebounded significantly after hitting a two-day low of 91.14, prior to the September 8 low of 91.09, but the current price remains well below the September 11 high of 91.82. ⑵ Key technical resistance levels include 91.82 (the September 11 spike high), 91.99 (the 78.6% Fibonacci retracement level), and 92.70 (the August 5 high). ⑶ The market saw a slight rise after the release of today's inflation data, with the 10-year gilt yield firmly above the low of 4.59%. Trend support lies around this level, while resistance is seen at the two-day high of 4.68%. ⑷ The spread between UK and German 10-year government bonds has stabilized after hitting a low of 191 basis points last Friday, with resistance in the 198-200 basis point range, currently at 194 basis points.
