BTP-Bund Spread Eyes Brexit Day Wide at 192bps; Clears 200-WMA
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Italy-Germany 10yr yield spread may retain strong widening momentum, with focus on clearing the Brexit day wide of 192bps touched on June 24, Bloomberg technical analyst Sejul Gokal writes.
Alert: HALISTER1- See chart; spread now +4bps to 176bps
- Spread widened past 200-week MA at 168bps on closing basis last week
- Past 192bps, June 2015 high of 199bps will be in focus
- NOTE: BTP realized volatility approaching post-Brexit highs while decoupling between 10y BTP/bund spread and DAX extends further: MORE
- NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Source: BFW (Bloomberg First Word)
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UUID: 7947283