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Gilt/Bund spread tests resistance

BONDS
  • Gilt/Bund spread sits wider today, by 2.8bps, with Gilt future underperforming Bund, but both contracts stay in very tight ranges.
  • Nonetheless, the January high, and the widest print since 12th December at ~168.8bps has so far held this Month, although better resistance will be seen around the 170.8bps area.

Chart source: MNI/Bloomberg.

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