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OAT/Bund spread widest since January

BONDS
  • With the French 10yr Yield now quoted, no surprises in seeing a higher gap, given that the Futures contract gapped lower overnight.
  • In Yield terms, the 2024 high and the highest print since November stands at 3.187%.

Today, reference 123.90:

  • 3.187% = 123.65.
OAT/Bund spread is testing through the April double top, and trades at its widest level since the 10th January.

Chart source: MNI/Bloomberg.

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