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Gilt/Bund spread tightest since May

BONDS
  • With Gilt surprisingly back in the Green, the outperformance in futures, translates in a 1.9bps Gilt/Bund spread, which is now testing the 150bps level.
  • These is the tightest level since May, and further downside traction, will target 145.16bps.

Chart source: MNI/Bloomberg.

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