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Markets noting large move lower in BTPs...>

EGB FLOWS
EGB FLOWS: Markets noting large move lower in BTPs in last 15 minutes or so. No
trigger seen however Italy's Poste Italiane solvency ratio dropped sharply with
the company citing volatility in BTPs. BTP future have since retraced some of
the move lower but remain weighed. IKU8 last 64 ticks lower at 126.10 vs
intra-day low of 125.82.
- There has also been a BTP future block -- 1k IKU8 @ 126.20 at 1054:02, which
could of added to the volatility.
- At the same time as the sell-off in BTPs market source report large bid in
German Schatz future (DUU8) with circa 18k lifted at 111.875.

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