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US vs Germany lowest since 2020

BONDS
  • Also worth keeping an eye on the Tnotes/Bund spread, after breaking below the 110.00bps mark, and testing 108bps.
  • This is the tightest level since August 2020, and next support will be seen at 102.14bps, the 2020 low and the lowest (tightest) print since March 2014.

Chart source: MNI/Bloomberg

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