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Tnotes/Bund spread widens to 182bps

BONDS
  • Tnotes/Bund is mostly flat today, but has been widening this week after finding some support just ahead of the 170.00bps last Monday.
  • Spread is 0.8bps wider, looking to test 182.00bps, ahead of resistance at 185.47bps, followed by 189.43bps initially.
  • Outright TYH4 futures support is at 111.04+, and a break below the latter, opens to 110.26.

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