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Italian BTPs have traded in a very......>

EGB SUMMARY
EGB SUMMARY: Italian BTPs have traded in a very wide range Tuesday morning while
Bunds have pared earlier gains.
- The Dec 18 BTP future is down 5 ticks at 120.47, having traded in a 137-tick
range of 119.27-120.64. An early sell-off peaked before 0900GMT and has
subsequently reversed, with spreads coming down from multi-month highs.
- The 2-Yr yield is down 2.9bps at 1.356%, 10-Yr is down 0.8bps at 3.589%.
- Meanwhile, Dec 18 Bunds are up 15 ticks at 160.75, middle of its 160.54-160.95
range today. Long end outperforming, 30-Yr yield down 1.8bps at 1.03%.
- 10-Yr BTP/Bund spreads hit highest in a month, above 335bps; they are now up
0.2bps at 322.6bps.
- Greece underperforming: 10-Yr spread/Bunds up 10.4bps at 430.4bps.
- Euribor futures up 1-1.5 ticks across the strip. 

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