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BTP/Bund continue to widen

BUNDS
  • BTP/Bund spread continue to trade wider, now by 4bps at 103.6bps.
  • The news that Draghi is looking to borrow up to EU40bn to keep the Economy afloat, is keeping the contract under pressure

Quick MNI tech:

  • Next support in BTP comes at 148.36 Low Mar 18 and key short-term support
  • Bund eye 171.32 Low Apr 6 next

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