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Peripherals spreads test supports

BUNDS
  • Peripheral spread sees the OAT/Bund now testing through the 60bps mark, and targets next support at sees 49.57bps next.
  • BTP Futures are still leading today, and the BTP/Bund spread look to break through the 160..0bps handle.
  • A break through that hurdle will have Investors eyeing 155.20bps, the 2023 low and the tightest print since April 2022.

Chart source: MNI/Bloomberg

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