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US/German 10yr spread targets the 2023 high.

BONDS
  • US 10yr Yield reaches its highest level in 2 weeks as futures breaks through the June low.
  • The move in Treasuries futures, has moved the Tnotes/Bund 10yr spread 4bps wider, highest since the start Of Feb.
  • Next resistance is at the 145.66bps, the 2023 high.

Chart source: MNI/Bloomberg.

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