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EGBS: Spread Tightening Persists Following US Data

EGBS
EurozoneBulletGlobalFixed Income BulletsRegionMarkets

10-year EGB spreads to Bunds have continued to tighten over the past ~90 minutes, with the BTP/Bund spread now ~3bps tighter today at 143bps.

  • BTP futures are +76 ticks at 119.71, holding above the Aug 29 high at 119.50. The next resistance and bull trigger lies at 120.06, the Aug 22 high.
  • 10-year Spanish spreads to Bunds are ~1bp tighter today at 81bps. Tomorrow sees the return of Spanish issuance after the summer break, with E5.0-6.0bln of Bonos/Oblis on offer alongside E250-750mln of ObliEis.
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10-year EGB spreads to Bunds have continued to tighten over the past ~90 minutes, with the BTP/Bund spread now ~3bps tighter today at 143bps.

  • BTP futures are +76 ticks at 119.71, holding above the Aug 29 high at 119.50. The next resistance and bull trigger lies at 120.06, the Aug 22 high.
  • 10-year Spanish spreads to Bunds are ~1bp tighter today at 81bps. Tomorrow sees the return of Spanish issuance after the summer break, with E5.0-6.0bln of Bonos/Oblis on offer alongside E250-750mln of ObliEis.