July 12, 2024 08:49 GMT
Tnotes/Bund spread targets the 2024 low
BONDS
- German Bund future still underperforms in EGBs, testing session low in lower traded Volumes.
- A push towards 131.14 would mean a full Post US CPI reversal, but support is seen at 131.05, Yesterday's low.
- The divergence between Tnotes and Bund is keeping the spread 3.7bps tighter, testing 171.00bps, just ahead of the 2024 low situated circa 170.6bps, which is also the tightest level since September last Year.
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