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Gilt/Bund spread

BONDS
  • Core and semi core spreads are fairly mixed against the German 10yr.
  • Gilt future now inderperforms in core Govies, and the Gilt/Bund spread edges wider this morning, but shy of the 119.09bps level, the 31st March High.
  • Initial resistance remains at 121.85bps, the February high.

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