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Tnotes/Bund spread test session low

BONDS
  • Underperformance in Bund future, weighted ahead of a heavy supply week for Europe, is pushing the Tnote/Bund spread tighter and back towards the January low at 130.35bps, also the tightest print since October 2020.
  • Support is at 128.28bps, the 13/10/20 low.

Chart source: MNI/Bloomberg

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