May 29, 2024 10:43 GMT
OAT/Bund spread tests May's low
BUNDS
- Bund futures underperforms, back to pre German Regional CPIs level, while BTP and OAT are still short of these earlier prints.
- Price action keeps the core and semi core spread leaning tighter against the German 10yr, while the 61.8% retracement in the OAT/Bund spread at 46.36bps continues to provide some support so far throughout this Month.
Chart source: MNI/Bloomberg
68 words