February 03, 2025 09:08 GMT
BUNDS: Curves Steepen Towards Next Upside Levels
BUNDS
The dovish repricing linked to tariff-related growth worry promotes bull steepening on the German curve this morning.
- 2s10s within 0.5bp of the October 21 ’22 high (36.7bp).
- 5s20s ~3bp off the ’24 treble top area (~51.1bp).
- Levels above are based on closing prices.
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