Macro BTP Bund spread widening because of French debt drama

[Yield Seeker]

Watching the screens this morning and noticed the Italian BTP to Bund spread is blowing out again. Honestly, feels like the French fiscal mess is dragging the whole euro periphery down with it, ngl. I am trying to figure out how this is going to hit order flow in European debt futures. Are we about to break through major support on the short end, or is this just another headline-driven fakeout before the ECB steps in? Trying to map out my intraday setups for the euro cross, but I am holding off until I see how price action reacts to the previous key resistance zones. Anyone else fading this move or just staying flat until the dust settles?

 

[EthanCole]

Classic EU bond market drama. Honestly, I'm just sitting on my hands and watching this play out from the sidelines. No point trying to catch falling knives or front-run political noise on the 4H charts right now. Let the dust settle first.

 

[LeoSterling]

@EthanCole sitting on hands is how you miss the rip, bro. I’m already long the spread, let the politicians panic while I stack. If it goes against me, I’ll just get rekt and reload, no biggie. Send it.