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BTP/Bund spread widening

BONDS
  • Faster fall in BTP futures, push the BTP/Bund spread 12.6bps wider, and eyeing a test back above 240.00bps.
  • In futures, next support is seen at yesterday's low, 109.50.
  • A weak growth prospect in the medium term, noted by Moody's last week and Fitch, has weighted on the contract.

Chart source: MNI/Bloomberg

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