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Curves Flatten, BTPs Wider Ahead Of Supply

EGBS

Curves remain biased flatter in the wake of the firmer than expected NRW CPI print, although outright EGBS stabilise off session cheaps.

  • The presence of the impending sizable supply seems to be promoting some underperformance for BTPs.
  • German regional CPI data (ahead of this afternoon’s preliminary national release) and the digestion of sovereign EGB supply will likely set the tone during the remainder of the morning.
  • The pace of €IG supply remains brisk.
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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