14 Jul 2014
Some signs of relief in peripheral bond markets – Danske Bank
FXStreet (Edinburgh) -Anders Lumholtz, Senior Analyst at Danske Bank, assesses the recent performance of the peripheral bond markets.
Key Quotes
“Peripheral government bonds spreads versus Germany tightened Friday after a tough week”.
“The move was led by Portugal where yields dropped by around 10bp across the curve”.
“This week the supply picture is turning to a tailwind, as EUR56bn is being returned to investors in coupon and redemptions and another EUR60bn is coming up three weeks from now”.
“Next week the bulk is coming out of France, while EUR36bn is coming out of Italy and EUR24bn out of Spain three weeks from now”.
Key Quotes
“Peripheral government bonds spreads versus Germany tightened Friday after a tough week”.
“The move was led by Portugal where yields dropped by around 10bp across the curve”.
“This week the supply picture is turning to a tailwind, as EUR56bn is being returned to investors in coupon and redemptions and another EUR60bn is coming up three weeks from now”.
“Next week the bulk is coming out of France, while EUR36bn is coming out of Italy and EUR24bn out of Spain three weeks from now”.