May 23, 2022 08:54 GMT
Italy vs Germany
BONDS
- BTP/Bund unwind some of the tightening, was circa 5bps, now 2.1bps.
- The spread formed a May double top at 204.77/205.10, which was the widest print since 25/05/20.
- Spread is at 202.8bps.
Chart source: MNI/Bloomberg
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