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BTP/Bund spread is back at flat

BONDS
  • With Italy leading the bounce in EGBs, back to flat on the day, the BTP/Bund spread is back to flat also after some small early widening.
  • The 205bps level holds, but still trading at its widest level since January.
  • Upside resistance is seen above the 210bps Psychological level, at 213.6bps.

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