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BTP hovers near session low

BONDS
  • BTP hovers near session low and ahead of the initial support at 127.24.
  • BTP/Bund spread is 6.9bps wider and back in the 200.00bps handle.
  • Looking at the 10yr Yield, main resistance is at the May's high 3.233%, which was there highest print since October 2018.
  • Reference 127.38, 3.233% would equate to 125.04.

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