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US/Germany widening by 2.3bps

BONDS
  • US Tnotes/Bund spreads continues to widen today, now by 2.3bps, with Bund finding some demand at Monday's low (176.00), as the contract edges towards oversold territory.
  • TYU1 still look for support at 134.02
  • US/Bund spread look to test next area of interest, the 13th July high (widest) at 171.0509, which is also the widest level since the 17th June.


Chart source: Bloomberg

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