May 31, 2024 12:54 GMT
Tnotes/Bund tightens by 5bps
BONDS
- US Tnotes is still extending post data gains, and the outperformance in futures vs Bund, has pushed the Tnotes/Bund spread 5bps tighter, right through the May's low, to trade at its lowest level since late March.
- The spread is now at 184.5bps, and eyeing a test at 184.2bps, the next support area.
- Further tightening momentum, would see test towards 180.00bps, and more importantly 176.62bps, The March low..
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