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13 Sep 2023

Concerns over Italy's ability to cut the budget deficit have increased Italy's 10y risk spread over German bunds

The risk spread may expand more if the ECB raises rates 25bps on Thursday. As highlighted by HolgerZ, Italian banks' €380bn of BTPs are central to the €1.6tn so-called sovereign "doom loop." Source: Bloomberg, HolgerZ

28 Aug 2023

Get ready for 0DTEs, Europe

Source: Markets Mayhem, Bloomberg

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