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Tnotes/Bund spread clears the October high

BONDS
  • New low for Tnotes, helps the Tnotes/Bund spread now 7.2bps wider, highest levels since January 2020, after breaking the October high that was at 206.6bps, now trading at 207.6bps.
  • Most investors will look for the Psychological 210.00bps next.
  • Next support in TYZ3 is seen further out, towards 105.15.
  • Bund lags and Friday's low situated at 128.31 remains untouched, printed a 128.45 low.

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