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Barclays says yesterday's widening....>

EUROZONE VIEW
MNI (London)
EUROZONE VIEW: Barclays says yesterday's widening in EMU peripheral bond spreads
is "likely a short-term correction after an extended period of very strong
tightening" and notes the "large Spanish and French auctions yesterday also
likely contributed to the weakness". 
- "Interestingly, Italy maintained its relative resilience outperforming Spain
in both spread-tightening and spread-widening environments this week," added
Barclays. 
- Barclays added that it holds on to its long 5y5y fwd Italy versus Spain
recommendation.
*Spain 10-year yield spread widened 4bps to +71bps

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