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UK vs Germany

BONDS
  • Small widening in the Gilt/Bund spread in early trade, by 1bp.
  • The 100.00bps mark continues to find support around this area, but note that the spread did test the support at 99.91 (27/08/21 low) yesterday, printing a 98.74bps low.
  • Further tightening, would eye 89.62.

Chart source: MNI/Bloomberg

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