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US vs Germany

BUNDS
  • Bund remains subdued, with no impact from the German CPI beat earlier, no surprises, as the National data can be ascertained from the Regional releases.
  • Nonetheless, the contract is making another attempt the session low, which printed at 156.63. now at 156.67.
  • Continued divergence between the US and the German Bund.
  • The spread is another 4.4bps tighter, after tightening close to 17.5bps since last Friday (25th March).
  • Next support area of interest comes at 168.80bps, now at 171.5bps

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