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Gilt/Bund is another 5.3bps wider

BONDS
  • Another widening session for the Gilt/Bund spread, by another 4.5bps.Next upside target will be at 180.00bps.
  • For the outright June contract, over half of the June volume is spread related, rolling into Sep.
  • The spread is again offered this morning after rallying from 3 to 17, from Thursday to Tuesday, the spread is pushing back towards 5.

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