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France/ Germany spread tightest since 26/04

EGB FLOWS
  • Although OAT are off their best levels, France continues to outperform in peripherals.
  • Some suggestion that the latest terrible poll number for Le Pen, could be a potential early driver.
  • OAT/Bund spread now trades at tightest levels since 26/04, with next support seen at 22/04 low 33.3287

Chart source: Bloomberg

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