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Further widening in the Tnotes/Bund spread

BONDS
  • Tnotes/Bund spread is seeing further widening, today by 2.5bps, and while some desks might look at 190.00bps for initial resistance, most of the street will look at the 192.11/192.37bps area (the 2024 high and 21st Dec high respectively).
  • For outright futures, next resistance in Bund is at 2.294% = 133.37.

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