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Sources say that BTPi Italia 05-23.............>

BTPS
BTPS: Sources say that BTPi Italia 05-23 breakevens fell from 85bp to 55bp after
the announcement of the new BTPi and so it is very cheap part of the curve. The
source adds that this area of the BTPi curve looks cheap and should be bought on
a breakeven basis.
- Orders have now passed E1bln for the BTPi. 

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