June 14, 2024 10:44 GMT
OAT/Bund spread is back above 75bps
BONDS
- Given that OAT has lost some of its earlier upside momentum, failing to reach Monday's gap up to 124.48, and now Bund is probing the 133.00 handle, the OAT/Bund spread is back above 75.00bps.
- All the attention is on the 78bps level, the 2017 high, and widest level since 2012.
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