February 10, 2025 13:35 GMT
BTP/Bund spread remains tighter
BONDS
- BTP/Bund spread remains slightly tighter today, by a small 1bps, some Govie desks will be watching how the price action develops around the 105.00bps mark.
- So far this spread has found support at the 106.00bps level in December, January and so far this Month, with a ~106.4bps low print.
- Looking at the chart, starting to see a potential falling wedge, which would be bullish.
- But a clear break through the latter and the subsequent 100.00bps level, would open to 91.17bps the 2021 low.
(Chart source: MNI/Blooomberg):
![BTP Bund 10 02 25](https://media.marketnews.com/BTP_Bund_10_02_25_cd084c0e42.png)
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