June 28, 2024 07:12 GMT
OAT/Bund spreads test the 2012 double top
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- The OAT/Bund spread might be showing flat in early trade, but the continued outperformance in Bund futures, and the heavy OAT futures is pushing the spread through the Aug/Sep 2012 double top situated at 81.5bps, now at the 81.6bps mark.
- BTP actually outperforms this morning, and for outright futures, support in OAT is still at 123.15, but more importantly 122.87 (2024 high in Yield).
Chart source: MNI/Bloomberg.
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