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BTPs Lead Peripheral Widening

EGBS

Little meaningful headline flow as core global FI moves away from session highs.

  • BTPs lead the weakness in EGBs, with broader peripherals wider vs. Bunds.
  • A reminder that peripheral outperformance has been one of the standout themes of early ’24, with carry, some local fundamentals, ECB easing expectations and sovereign credit rating developments all helping.
  • Some have turned more cautious on the prospect of continued peripheral outperformance over the last couple of weeks.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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