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Tnotes/Bund spread find support ahead of key level

BONDS
  • Tnotes/Bund spread is tilting wider this morning, after finding some support yesterday at 102.13bps, the 2020 low, although did print a 102.09bps low yesterday, tightest print since 2014, now trading at 104.9bps.
  • Some desks are looking for a breakout below the 100.00bps handle on the rate path divergence between the US and the EU, but others will look for support at that psychological 9 year low.

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