BTP futures are still lagging behind Bund, albeit off the contract low at 111.97.
Yesterday's low at 111.78, was the lowest print since the 6th January.
BTP/Bund spread is in turn 0.7bp wider, but well within yesterday's range.
Looking at the short end 2yr, for Italy, BTSH3 hovers above yesterday's low at 105.03, which was also the lowest print since the 2nd of January.
Looking at the 2yr Italian/German spread, it is sitting 2.6bps wider at 46.2bps.

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BTP futures are still lagging behind Bund, albeit off the contract low at 111.97.
Yesterday's low at 111.78, was the lowest print since the 6th January.
BTP/Bund spread is in turn 0.7bp wider, but well within yesterday's range.
Looking at the short end 2yr, for Italy, BTSH3 hovers above yesterday's low at 105.03, which was also the lowest print since the 2nd of January.
Looking at the 2yr Italian/German spread, it is sitting 2.6bps wider at 46.2bps.

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Short end Italy underperforms