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Gilt/Bund spread targets 23/06/2016 high

BONDS
  • With Bund up 16 and Gilts down 12,
  • Gilt/Bund spread is once again widening, now by ~2bps, and widest levels since 2016.
  • Next upside resistance is still eyed at 127.7791 (23/06/2016 high).
  • The spread is now at 124.4bps

Chart source: Bloomberg

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