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BTP and OAT test intraday lows

BONDS
  • Decent selling clips in BTP and OATs as we hit session low are met by some dip buying
  • .BTP is through the intraday low, with next support seen further out at 152.94.
  • This has translated in a wider BTP/Bund spread, moving back above 101bps, after investors were seen fading moves below 100bps

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