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Gilts/Bund spread widest since October 2019

BONDS
  • Bund gets dragged lower by Gilts, with some decent repricing in the curves.
  • The street now fully price a 15bps hike by Feb 22.
  • The Gilts Bund spread moves over 2bps wider and test that March peak at 113.6518, also widest level since October 2019.
  • Next resistance s now at 20th September 2019 high at 114.6111

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