BTPs - Still under Pressure90.00 might break soon, on the back of continued tension between Italy's populist government and the EU.
Fixedincome
BTPs - Negative Bias Remains In PlayRecent comments from Italy's DiMaio continue to worry markets that a future clash is possible which will put yet another dent in the EU's cohesion.
BTP - Holding below Flip ZoneOur negative bias remains in play as prices continue to hold below the recent flip zone.
BTPs - Poised for Further LossesBTPs bounced the key resistance area and have closed below a recent flip zone on the back of fears that Italy will not comply with EU rules in forming it's next budget, that contains flat-tax proposals and a hefty pension reform.
Look for further losses today.
BTP - Italian bonds still under scrutinyItaly's Deputy PM DiMaio confirms markets' fears: this morning he said
that respecting fiscal rules is not the priority in the next budget.
Until 94.00 is broken to the upside, pressure still remains.
Better picture if we hold here below 93.00 and push towards 90.00 again.
BTPs - Low Volatility Breakout Italian BTPs are under pressure again, after bouncing recent highs. The narrative this time round is a top-level meeting
amongst ministers to plan the next budget. The market fears that Italy's populist government will pressure EU fiscal rules...
