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Italian BTP selling, no catalyst, possibly.....>

BTPS
BTPS: Italian BTP selling, no catalyst, possibly short term squaring, with circa
2k going thru in the past few minutes. This is helping extend the bounce in the
Bund/BTP spread at the high of the day, albeit in a much more limited move that
we have had of late. Italy is 2bps wider to the Bund.

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