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Bobl call fly spread

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  • Preliminary 2Q21 GDP +2.7% q/q, +17.3% y/y, beating expectations looking for an uptick to 1.3% q/q
  • 1Q21 GDP real SA WDA revised up to +0.2% q/q; -0.7% y/y
  • 2Q21 q/q industry, services up; ag., forestry/fishing flat--ISTAT
  • Italy prelim GDP +4.8% 'acquired' net growth for 2021--ISTAT