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10Y Spreads At 4-Month Low, Testing 200bp

BTP

BTPs enjoying the risk-on post-US CPI rally, as ECB hike expectations tumble.

  • 10Y yield is down 28bp; spreads over Bunds down over 10bp, testing the 200bp level (see chart).
  • A close for the spread here would be the tightest since mid-July.

Source: Bloomberg, MNI

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