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*Everything is just falling, with BTP...>

MARKET TALK
MARKET TALK: *Everything is just falling, with BTP now nearly 600 ticks lower.
The Italian lockdown extension could be a reason??
*The German/Italy spread started the session 8bps tighter on the open, but we
have now moved some 38bps in the other direction, with the spread now 28 bps
wider.
**Better keep an eye on US Long end.. USA still sits over 5 big figures down.
**EQUITIES are also under continued, with peripheral Bond leading assets here.

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