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Tnote/Bund spread tightest since July

BONDS
  • Further tightening in the Tnote/Bund spread in early trade.
  • Now tightest since 4th July at 158.7bps.
  • Initial support is seen at 154.37.
  • And a clear break through the latter would opens to 150.00, and more importantly the 2022 low at 147.69bps, also the tightest print since December 2020.

Chart source: MNI/Bloomberg

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