- Legged into this. Sold Bunds at 3.19% (on Friday) and just bought US T-Notes at 3.32% ie spread of +13.
- Using ratio of 4 Bunds to 7 TY (1.75x). That was the last reading of Bloomberg PDH2 that I got. (Would appreciate if anyone who knows that this has changed to please tell me).
- Not sure how this spread correlates to rest of Core Book. Will observe. For now, will treat it as separate.
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