BONDS: BTP/Bund spread remains tighter
Feb-10 13:35By: Fabrice Ben Hassine
Long Term Fixed Income Securities
- BTP/Bund spread remains slightly tighter today, by a small 1bps, some Govie desks will be watching how the price action develops around the 105.00bps mark.
- So far this spread has found support at the 106.00bps level in December, January and so far this Month, with a ~106.4bps low print.
- Looking at the chart, starting to see a potential falling wedge, which would be bullish.
- But a clear break through the latter and the subsequent 100.00bps level, would open to 91.17bps the 2021 low.
(Chart source: MNI/Blooomberg):
