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Tnotes/Bund spread lowest since 2020

BONDS
  • With Bund falling back into red territory, and Treasuries and Tnotes hold onto gains, worth keeping an eye on the Tnotes/Bund spread, now 4.4bps tighter at 107.2bps.
  • The big support is at 102.13bps, the 2020 low and the tightest print since February 2014.

Chart source: MNI/Bloomberg

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