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BTP/Bund spread widest since July 2020

BTP
  • BTP made another session low (141.18), and that's a massive 587 ticks down from Monday's high.
  • Immediate support is seen at the psychological 141.00 figure.
  • Below the latter sees 140.14 Low Jun 10, 2020 (cont)

In yield terms (reference 141.26):

  • 1.80% = 140.34
  • 1.90% = 139.20
  • 2.00% - 138.06

BTP/Bund spread is 4.1bps wider and widest since 21th July 2020..

Next upside target in the spread is seen further out towards 166.10, now at 154.48

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