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BTP/Bund spread lowest since end of August

BTPS

BTP extend gains, as Italian voters voted for less members in the Italian parliament, and politics.

  • Italy outperforms its German peer and the 10 year spread move 4.5bps tighter in early trading and lowest since 20/08 at 140.00bps
  • Next MNI tech resistance in IKZ0 comes at 147.61 1.500 proj of Sep 1 - 3 rally from Sep 8 low

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