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BTP Tightening Extends

EGBS

Bonds eventually move higher post-U.S. data, with U.S. e-mini futures rallying and the USD trading on the defensive. That backdrop promotes an extension of the early tightening in BTPs, with the 10-Year BTP/Bund spread back to ~140bp after topping out just in front of the psychological 150bp level yesterday.

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Bonds eventually move higher post-U.S. data, with U.S. e-mini futures rallying and the USD trading on the defensive. That backdrop promotes an extension of the early tightening in BTPs, with the 10-Year BTP/Bund spread back to ~140bp after topping out just in front of the psychological 150bp level yesterday.