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Schatz roll recovers from the low

BONDS
  • Bund spread trades in a tight range, and has been trading within a 71/75 range for the past 16 sessions.
  • Bobl has been in a 67/70 ranged in the past 8 sessions.
  • On the margin, there's small more notable move in the Schatz spread falling from -15 down to -21 this week, but now recovering towards -18.5.
  • A third of the front Month volume is now spread related.

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