Halister News

(Bloomberg) -- Last week saw the largest net buying of core EGBs over the past four weeks, led by Germany and Belgium with significant net demand in 10y and 30y sectors, Citigroup strategist Saumesh Dutta writes in client note.

• 30y non-core bonds saw net selling and demand for this sector was the lowest in six months
• Net selling seen in euro linkers of all issuers except Germany last week
  • Demand for Bundei now at the highest level in a year
  • Demand for Italy and Spain has declined sharply over recent weeks
• Last week, gilts saw the largest net selling in two months led by the 30y sector once again