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OAT/Bund spread targets the July low

  • French OATs leads in Core Govies, and 10yr Yield dips back towards the 3% level, lowest since last, when it failed to break the August low at 2.968%.
  • Today reference 127.58, would equate to 127.97.
  • Price action in Futures bring the OAT/Bund spread 0.8bp tighter, but now targeting the July low at 50.93bps, the tightest level since the 19th June.

Chart source: MNI/Bloomberg

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