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Rallies 100 ticks

BTP
  • Italy is once again leading the way, dragging EGBs higher, unwinding some of the massive sell offs of late.
  • The contract is already over 100 ticks up, pushing the BTP/Bond spread 8.4bps tighter, after trading at its widest level since 15/05/20 yesterday.
  • Small initial resistance in BTP moves down to 117.20.

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