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Tnote/Bund spread tightest since mid October

BONDS
  • With Bund at session low, and TYH3 near session high, the TYH3/Bund spreads tightens by 4.7bps, and lowest since 12th October.
  • Next immediate support will at that date's low, at 158.23bps.
  • A clear break through the latter, opens to 153.95bps, the October low, and tightest print since 22nd June.

Chart source: MNI/Bloomberg

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