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UK and US 10s widens against the German 10yr

BONDS
  • US Tnotes extends wider against the 10yr Bund, now by the 6.7bps on the day, still targets small initial resistance at 168bps in the US/German 10yr spread.
  • Gilt/Bund is seen similar price action, and test through the July high that was situated around 171.05bps, now at 171.1bps and at its widest level since the 7th May.
  • Further out, would see next resistance towards 176.1bps.

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