June 14, 2024 06:53 GMT
OAT/Bund spread sees further widening through 75bps
BUNDS
- Given the decent early spike in Bund futures, the 10yr yield gaps lower, and in turn pushes the OAT/Bund spread another 6bbps wider, and making an attempt through 75.00bps.
- Next resistance in the spread comes at 78.00bps, printed a ~77.98bps high in 2017, so a break to 78bps will represent the widest print since August 2012.
For outright Bund, in Yield terms reference 132.33:
- 2.4% = 132.48 (May's low, printed 2.399%).
Chart source: MNI/Bloomberg.
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