* MNI calculations suggest that 34% of the overall CPI basket increased at 3% Y/Y or higher in Feb...
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ERM5 97.9375/98.00/98.0625c fly vs 97.50p, bought the fly for flat in 10k.
BTP/Bunds only ~0.5bp wider on the syndication announcement before a quick reversal, given that it doesn't come as a shock to markets. As noted above, the announcement also matched our own expectations.
Tesoro Publico has announced it will be looking to sell a combined E2.0-3.0bln of the following letras at its auction tomorrow, February 11: