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Italian BTP is still leading

BONDS
  • Italian BTP future is still leading, but Bund has caught up, unwinding some of the early tightening bias.
  • The BTP/Bund spread is now 2.7bp tighter vs 5.8bps in early trade.

Resistance for BTP comes at:

  • 3.95% = 118.44
  • 3.90% = 118.93

Bund resistance is still at 139.95.

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