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Previewing the Italian BTP auctions............>

EGBS
EGBS: Previewing the Italian BTP auctions tomorrow, Saumesh Dutta from Citi
writes "we like 2s5s BTP spread flatteners vs SPGBs. The auction is also a good
opportunity to position in summer carry trades".
- Note that there are very large Spanish and Italian cash inflows on
Monday/Tuesday next week.

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