June 19, 2024 07:24 GMT
Gilt/Bund spread is 4.4bps wider
BONDS
- The early divergence as just noted in the Gilt comment between Germany and the UK Gilt, as Bund futures and Euribor strip outperforms in Europe, is helping the Gilt/Bund spread wider in early trade by 4.2bps.
- Initial upside target is back at ~170.8bps, the 29th May high.
Chart source: MNI/Bloomberg.
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