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BTP/Bund spread extends its widening

BTP
  • Another decent volumes session for BTPs and big widening moves in the BTP/Bund spread by another 7.4bps.
  • The Italian 10yr yield is right now testing the 2021 high at 1.160% and highest level since July 2020
  • BTP/Bund now target the 2021 widest level at 126.0737.

Chart source: Bloomberg

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