Free Trial

BTP/Bund spread look to test the March high.

BONDS
  • BTP sees over 3k sold in the past few minutes, helps explain the 25 ticks drop in the past 10 minutes, again initially Treasury driven, but the latest headline on EU set to open a deficit infringement procedure on Italy, may have also helped.
  • The underperformance in BTP futures against Bund, is widening the BTP/Bund spread by 2bps, and now look to test the March high situated at 146.37.
  • A break above that level, would eye 150.00bps and 153.5bps (38.2% retrace of Oct/March fall).

Chart source: MNI/Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.