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US vs Germany 10s test the 2023 high

BONDS
  • As noted during the earlier European session, the small divergence between Tnotes and Bund futures, with TYU3 at session low and Bund off its intraday low, keeps the 10yr spread wider.
  • The spread is eyeing a test at the January and the 2023 high at 145.66bps, now trading at 145.4 bps.

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