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OATs outperforms in peripherals

EGB FLOWS

OAT block trade:

  • OATU1 1.21k at 158.61 (09.14BST).
  • Still a few question on the small outperformance of OATs versus the likes of the BTP this morning.
  • Some suggest that "Le Pen's National Rally got 19% -- almost 10 points behind her score in the last election" might be helping.
  • BTP now trades below Friday's low, and now potentially opens to MNI tech150.11 Low Jun 8 and key near-term support

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