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Tnotes/Bund spread sees further widening

BONDS
  • Price action between the Tnotes and Bund, push the spread another 1.3bps wider and now testing immediate resistance right here at 184.25bps, the 24th November high.
  • Above the latter would see 190.00bps, followed by the more important 196bps, last November's high, and the widest print since May 2022.

Chart source: MNI/Bloomberg

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