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From UniCredit on the 50y BTP syndication:.....>

BTPS
BTPS: From UniCredit on the 50y BTP syndication:
"Momentum in BTPs only picked up late in the session after Italy announced it
had mandated four banks for the syndicated reopening of the 50Y 2.8% BTP Mar67.
By the close, the yield of the 50Y paper had increased 6bp to 2.88%. It peaked
in early February this year at a yield of 3.673% and became one of the ultimate
success stories with the yield hitting 2.67% only last week. Compared to its EGB
peers, the bond trades 215bp over the 3.8% RAGB Jan62, 170bp over the 2.15% BGB
Jun66, 184bp over the 1.75% FRTR May66 and 117bp over the 3.45% SPGB Jul66."

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