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UK vs Germany

BONDS
  • Continued tightening for the Gilt/Bund spread, by another 2bps in early trade.
  • Tightest spread since 3rd Feb 2021.
  • Further push lower opens to the psychological 80.00bps, ahead of the 76.4% retracement of the 2020/2022 widening at 75.62bps.

Chart source: MNI/Bloomberg

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