July 11, 2024 14:03 GMT
Tnotes/Bund spread tests the 2024 low.
BONDS
- Following the weak US inflation data, which is providing some divergence between the US and German Bond, the Tnotes/Bund spread is now testing the 2024 low situated at ~170.59bps, also the tightest level since September 2023.
- A clear break through the 170.00bps mark, would open to ~164.5bps, the 29th Sep 2023 low.
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