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French/German 10yr spread eye the 2023 high

BONDS
  • With French OAT leading lower, now looking to break the 122.000, Yield is in turn edging back to the 3.50 mark, printed a 3.494% high, not a tech level.
  • But worth keeping an eye on the French/German 10yr spread, just 0.6bp wider, but trading at 58.4bps, with the 2023 high at 59.45bps just close by

Chart source: MNI/Bloomberg

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