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BTPs Dip on Reports Crisis Tool May Not Be Ready in July

ECB
  • Bloomberg reports that ECB policymakers have decided on a working name for the new crisis policy tool, but are not yet displaying any certainty over whether it will be ready for the July 21st policy decision, according to sources.
  • Italian BTP futures dip in response, touching new session lows at 123.02 before staging a small bounce off the lows. Yields remain higher on the day at 3.31%.

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