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Gilt/Bund spread leans tighter

BONDS
  • EGBs, Bund and Gilt are all hovering at their intraday lows, but volumes remain on the very low side at the start of the week.
  • The small outperformance in Gilt futures is keeping the Gilt/Bung spread tighter, by just 1bp.
  • Immediate support is seen at the 119.00bps area, and break through the latter, opens back to 113.16bps.

Chart source: MNI/Bloomberg

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