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EGB spread are widening

BONDS
  • Gilt/Bund spread is clearing the 150.00bps, now at 151.00bps.
  • Not much in terms tech levels at current price, with next area of interest all the way up to 162.12bps.
  • BTP/Bund is widest level since March, with next resistance at 186.90bps, the March high.
  • OAT/Bund is back at the 59.00 handle, printed a 95.45 high last week, also the widest print since October, with some desks eyeing the 60.00bps as the initial area of interest.

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