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BTP/Bund spread tightening

BTP
  • BTP fades just off the high, after yield had their largest 1 day fall in over a month yesterday.
  • BTP/Bund spreads has tightened 3bps, and testing the 10/05 low at 113.7481bps
  • Further upside traction in the futures contract opens to 146.63-146.68 (12/05 high, and 23.6% retrace of the Feb-May fall)


Chart source: Bloomberg

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