⚖️🇮🇹🇩🇪BTP-Bund Spread Rises 20Bps On The Day

• The difference between the Italian 10-year yield and the German equivalent increased by 20bps as BTPs were offered. Front end BTP futures tick down by 2.6 points on the session

• Italian sovereign debt is not favored as PM Draghi resigns and the ECB is yet to introduce a credible 'anti-fragmentation' tool