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Tnotes/Bund spread sees further tightening

BONDS
  • Some continued tightening today in the US/German 10yr spread, now by 8bps, and trading at 123.8bps.
  • Tnotes/Bund spread has fallen just over 12bps this week, and some desks might look at the 120.00bps for support but most will eye the March low at 119.09bps, which is also the tightest print since the 1st February.

Chart source: MNI/Bloomberg

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