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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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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.