July 24, 2026 02:52 PM GMT UK Rates Strategy | Europe BoE in Focus, Risk-Reward Still Favours Receiving September MPC Duration across the board remains highly correlated with energy prices, with the latest geopolitical developments driving a sell- off. We retain bullish front-end exposure, hedge geopolitical risk via long 5y breakevens and remain long 10y ASW. Key Takeaways Click here for our Bloomberg Ticker Almanac. The 2026 Extel Global Fixed Income Poll is now open and your participation matters a great ...