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Bund/BTP spread 3.6bps tighter, led by cash

BTPS

BTP futures test high of the day, a slow tick by tick move, but led by the cash with 500mln lifted on screen.

  • Technically, initial resistance is seen at 145.78, ahead of MNI tech resistance at 146.19 High Sep 4.
  • The outperformance in BTP is pushing the German/Italy spread 3.6bps tighter.

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