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Europe are leading futures lower

BONDS
  • BTP leading Europe lower, and spilling over into Treasuries, as Tnotes drifts towards flat on the day. with the Eurodollar strip on the follow.
  • Next support for the Italian BTP is at 118.31, 24th Nov low.
  • BTP/Bund spread test last week's high at 192.79bps.
  • Tnotes/Bund spread is 3.6bps tighter and targets the November low at 165.29bps.

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