BTP Stick-Save Fail!

Tyler Durden's picture

All it took was 30 minutes of reality-soaked headlines from Cannes and Draghi's heroic efforts to hold 10Y BTPs below 450bps have failed. BTPs have reached almost 456bps over Bunds now - only 6bps tight of all-time intraday record wides.

And with a h/t to @AndrewYorks we note the interesting dislocation between ES and BTPs today:

UPDATE: 88 handle up for BTPs (6.37% yield and Bunds +457bps)

 

Charts: Bloomberg