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BONDS: BTP/Bund spread tests immediate support area

BONDS
  • The BTP/Bund spread is back at the 106.00bps level, 1.9bp tighter so far on the Day.
  • The spread has found support multiple time at this level, back in December, January and also this Month.
  • Technically, we could be having a falling wedge, would be bullish, but investors will be watching how it develops at these lower levels.
  • A clear break through 106.00bps, opens to the Psychological 100.00, although better will be seen nearer the ~97.7bps area.

(Chart source: MNI/Bloomberg).

BTP Bund 17 02 25
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  • The BTP/Bund spread is back at the 106.00bps level, 1.9bp tighter so far on the Day.
  • The spread has found support multiple time at this level, back in December, January and also this Month.
  • Technically, we could be having a falling wedge, would be bullish, but investors will be watching how it develops at these lower levels.
  • A clear break through 106.00bps, opens to the Psychological 100.00, although better will be seen nearer the ~97.7bps area.

(Chart source: MNI/Bloomberg).

BTP Bund 17 02 25