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Italy leads Europe lower

BTP
  • BTPs are leading Govies lower, pushing the BTP/Bund spread 2.6bps wider.
  • 1k sold just now, cumulative volume.
  • Next support in the contract is at 150.80, 38.2% retrace of the Nov rally.
  • Bund still eye 170.21, but see better at 170.05.

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