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BTP and OAT drifting lower

BONDS
  • BTP and OAT lead EGBs lower, and there's a small opening gap down to 115.86 for the BTP, not a good tech study to use for this contract, but the initial target just short of 115.81, Yesterday low.
  • Bund and Gilt touch session low on the move, with the upside limited for the Italian BTP ahead of heavy supply.

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