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Gilt/Bund spread 13.4bps wider

BONDS
  • A whopping 13.4bps wider for the Gilt/Bund spread, with Bund edging back towards flat on the session, but still short of where it was trading pre UK CPI at circa 134.13.
  • Next resistance in the spread is seen at 185.00bps, followed by 193.40bps.

Chart source: MNI/Bloomberg

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