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Gilt/Bund spread widest since April 2015

BONDS
  • Continued widening between the the UK and German 10yr yields.
  • Gilt/Bund spread is now 10bps wider, highest since 29/04/15.
  • Next immediate resistance is at 154.84, the April 2015 high.
  • A clear break through the later, opens to the March and the 2015 peak at 162.10bps.
  • The latter is also the widest print since April 1997.

Chart source: MNI/Bloomberg

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