September 25, 2024 09:47 GMT
BONDS: Further tightening in the BTP/Bund spread
BONDS
- BTP/Bund spread is tighter, and is now eyeing a test to the 130.00bps figure, these are the tightest levels since late July.
- A break through the 130.00 handle would open to the July low of ~127.00bps, followed further out by 121.48bps, the March 2024 low, but also the tightest traded print since November 2021.
(Chart Source: MNI/Bloomberg).
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