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BTP/Bund spread targets the 2022 low

BUNDS
  • Further tightening in the BTP/Bund spread this Morning, as supply keeps the lid on German futures.
  • The spread has found some demand at the 130.00bps level of late, but testing again now.
  • Main initial support is still seen at the 128.14bps, the 2022 low.

Chart source: MNI/Bloomberg

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