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Tnote/Bund spread breaks support

BONDS
  • Tnote/Bund spread breaks below the initial support at 154.37 (28th Low).
  • The spread is now 153.3bps, and some desks will look at 150.00bps next.
  • Main support below the latter, sees the 2022 low at 147.69bps, also the tightest print since December 2020.

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