• OAT/Bund spread is back at that key initial resistance of 65bps, was the 2024 high and the widest level since 2020, and this could also be playing a part in the EU Risk Off tone.
  • The spread is now trading at its highest level since 2017, with resistance seen at 67.4bps, the March 2017 high.

Chart source: MNI/Bloomberg

CROSS ASSET: OAT/Bund spread likely leads Equities

Last updated at:Jun-13 14:19By: Fabrice Ben Hassine
  • OAT/Bund spread is back at that key initial resistance of 65bps, was the 2024 high and the widest level since 2020, and this could also be playing a part in the EU Risk Off tone.
  • The spread is now trading at its highest level since 2017, with resistance seen at 67.4bps, the March 2017 high.

Chart source: MNI/Bloomberg

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