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Peripheral spread are through supports

BONDS
  • Some spreads to watch this week, Gilt/Bund spread now targets the immediate Psychological 150.00bps handle, the September low and the lowest print since mid May.
  • Clear break through the latter opens to 145.61bps.
  • BTP/Bund spread is another 2.2bps tighter and and is through the target noted Yesterday, at 174.49bps.Also noted few desks were favouring a test towards 170.00bps next.

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