June 07, 2024 09:47 GMT
BTP/Bund spread widest since mid May
EGB FLOWS
- BTP futures continues to lead EGBs lower, helping the BTP/Bund spread wider, by 1.6bps, and now trading at its widest level since mid May.
- The May's high is situated at ~134.7bps and will be seen as the next immediate resistance.
- Support in Bund moves down to 130.48, printed a 130.50 low this week.
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