June 13, 2024 14:44 GMT
Widening of the spread is led by OAT and BTP
BONDS
- Widening of the spread is driven by core French and Italian Govies futures, with Bund fairly stable.
- Latest flow sees 3k sold in BTP and 2k in OAT.
- A survey by Elabe was also noted as potential driver, as it showed that Macron's approval fell to its lowest level since late 2018.
- As per Bloomberg: "The pollster surveyed 1,502 adults online on Tuesday and Wednesday".
- "Les Echos showed that 24% of people interviewed trust Macron to tackle the problems France faces, down 5 points from May."
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