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Tnotes/Bund spread tightens by 2.7bps

BONDS
  • With the underperformance in EGBs futures, worth keeping an eye on the Tnote/Bund spread, now 2.7bps tighter, and close to the January low at 128.14bps, now trading at 129.9bps.
  • This was also the tightest print since 07/10/20.
  • Below the latter, would see next support at 124.26bps.

Chart source: MNI/Bloomberg

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