June 11, 2024 08:41 GMT
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.
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