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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
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  • 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