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BTP breaks through session low

BONDS
  • BTP is leading the way lower, catching up with Bund, the 2033 Italian supply is likely helping keep the lid on the contract.
  • Investors are also fading the BTP/Bund off the 170.00bps support target, now 1.1bp wider and back towards 175.00bps.
  • Support is BTP is at 113.77 initially.

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