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Gilt/Bund spread widest since February

BONDS
  • As Gilt future continues to underperforms Germany, the 10yr Yield spread is another 5.2bps wider, and highest since the 27th of February.
  • Next resistance will bet 121.85bps, the February high and the widest print since the 18th January.
  • Today's low in Gilt futures is the lowest print since the 13th March and next support for the contract will be at 102.40.

Chart source: MNI/Bloomberg

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