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USA vs UK 10yr

BONDS
  • With Treasuries still in the red, as European Govies spike, led by the UK and the Gilt in the 10yr sector.
  • The dislocation in Rate path outlooks for the countries, sees the Tnotes/Gilt spread widens over 15bps for the session, with the spread at the widest level since January 2020.
  • Further widening would open to the 2020 peak at 118.98bps, now at 112.1bps.

Chart source: MNI/Bloomberg

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