Portugal/Bund spread sits circa flat in early trade (0.2bp wider), and the spread seems to be finding some support at the March low, situated at 82.90bps, now at 83.2bps.
A break below the later, opens to the 2023 low at 80.78bps, also the tightest print in nearly a year (since 31st March 2022).

Chart source: MNI/Bloomberg

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Portugal/Bund spread sits circa flat in early trade (0.2bp wider), and the spread seems to be finding some support at the March low, situated at 82.90bps, now at 83.2bps.
A break below the later, opens to the 2023 low at 80.78bps, also the tightest print in nearly a year (since 31st March 2022).

Chart source: MNI/Bloomberg

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Portugal/Bund spread test the March low