HALISTER1: BTP Futures Drop After Italy Announces New 20Y Syndication

BTP Futures Drop After Italy Announces New 20Y Syndication

(Bloomberg) -- BTP futures fall ~30 ticks in 3 minutes after Italy announces new 20Y bond for sale via syndication.
  • JPMorgan recommends underweight 10Y-15Y Italy as valuations are expensive; expects pressure from new 15Y syndication in coming weeks, according to a client note
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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