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Italian 10y Yield highest in a Month

BTP
  • Italian 10yr Yield makes another session high and similar to the German 10yr, highest since the 21st July.
  • In terms of pure technical, next support is seen much further out, towards121.88 76.4% retracement of the Jul 21 - Aug 11 upleg.
  • In Yield terms, the July high is at 3.666%.
  • Reference 122.96 = 121.67
  • BTP/Bund spread is now 8.1bps wider and eyeing 230.00bps next, now at 228.7.

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