Sentiment3 Feb 2026 10:31
Very strong buying this morning.
Structured roll / internal cross trades continue as they did yesterday.
Exact repetition of odd-sized blocks. 2.3m and 2.7429m are not round, not algo-friendly, and not coincidence. These were yesterday. Those are pre-existing position sizes. Paired prints at the same time, same volume, same time frame, two prices straddling the spread. More today 950k trade.
That’s classic fund → fund or fund → MM book transfer, not natural market flow.
Does someone know news imminent? BON18 well result? 2 weeks TD as per RNS up today. Updated ITR also due. Discussed extensively here. Could see transformational numbers.
L2 book very strong.