December 04, 2024 12:31 GMT
EGBS: BTP/Bunds On Track For Fresh Cycle Closing Low
EGBS
That bid in equities continues to shield peripheral paper from widening, even as core global FI softens and despite the softer than expected Italian and Spanish services PMI data seen this morning.
- OAT tightening to Bunds add a further layer of support.
- BTPs the outperformer, narrowing by 2.5bp vs. Bunds on the day.
- BTP/Bunds on track for a fresh cycle closing low at ~116.5bp.
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