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Gilt/Bund widest since May 2016

BONDS
  • Another day of Gilt/Bund spread widening this morning, by another 2.2bps, and we now trade at widest levels since May 2016.
  • Next resistance is at 130.18 (25/05/16 high).
  • Further out, would see the 22/04/16 peak at 136.6268, also the widest level since 26/11/15.

Chart source: Bloomberg

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