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Gilt/Bund spread, tightest since January 2021

BUNDS
  • Bund back at session low, while the EURUSD extends back towards 1.0600, now at 1.0585
  • With Gilt futures holding the Gilt/Bund spread has tightened another 6.3bps, lowest since February 2021.
  • Next target would be seen at 26/01/21 low 79.66.
  • Further downside traction for Bund, opens to 1.111% (19/09/14 high), equates to 151.48.

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