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Bunds higher; BTPs weaker

BOND SUMMARY
  • Bunds have moved a bit higher with BTPs coming off this morning. The most noteworthy move, therefore, is the move in BTP-Bund spreads. The spread has widened 3.7bp today to 119.3bp at the time of writing, still below the high of 121.9bp seen on Thursday.
  • Just a reminder that the US are due to be out for the Martin Luther King Day holiday later today.

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