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BTPs Stronger As Draghi Says Coalition Can Be Rebuilt


10Y BTP/Bund spreads fall to session's low just above 194bp (lowest since Jul 11) as Draghi tells the Italian Senate that his governing coalition can be rebuilt, effectively pushing back against speculation he will resign.

  • Last 196bp, down about 9bp on the session. Intraday chart below:
  • Note Draghi is still speaking; he also has another speech in the late afternoon ahead of the key confidence vote (expected 1845CET).

Source: BBG

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