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A tighter Gilt/Bund this morning

BONDS
  • Gilts outperform today, after the UK Gas price fell back, hinting at less inflationary short term pressure risks
  • Similar bid this morning in Short Sterling strip, also helped by the strip going into oversold territory this week.
  • Gilt Bund spread has tightened by 2.2bps after we traded at widest levels since 2016 this week.
  • The spread is now at 124.2329

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