Free Trial

OAT/Bund spread over 3bps wider

BONDS
  • With OATU4 through another low, the OAT/Bund spread is now over 3bps wider from 0.5bp earlier, and has fully cleared the 61.8% retracement of the Oct/March fall, and looks to extend to ~59.11bps, the 76.4% retrace of that period.
  • A test back to 65bps, the 2023 high, would also be the widest print since (17/03/20).

Chart source: MNI/Bloomberg.

67 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • With OATU4 through another low, the OAT/Bund spread is now over 3bps wider from 0.5bp earlier, and has fully cleared the 61.8% retracement of the Oct/March fall, and looks to extend to ~59.11bps, the 76.4% retrace of that period.
  • A test back to 65bps, the 2023 high, would also be the widest print since (17/03/20).

Chart source: MNI/Bloomberg.