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BTP drifts to Yesterday's closing levels

  • Some momentum selling in EGBs, BTP sold in over 1k at its session low, with heavy supply likely weighing on the contract, decent size in hedging terms.
  • The contract is back at Yesterday's closing levels, with small support moving up towards 110.17.
  • The German curve reverses some of its flattening bias after the 5s/30s, printed its lowest level in 9 days, now testing session high, although still trading in the red.

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