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BTP starting to widen once again in early......>

BTPS
BTPS: BTP starting to widen once again in early trading, back to flat against
the German 10s. 
Initial drops was initially driven by the German curve yesterday afternoon,
particularly the Bund, on the back of SPD headlines and the chatter that Italy
will make its own proposals over ESM reform, have also somewhat weighed on the
contract.
-Decent initial support should be found at the 10 ticks 171.52-171.42 area.

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