Halister News

(Bloomberg) -- Last week non-core EGB saw the largest net buying in 4 months led by Italy, Citigroup strategist Saumesh Dutta writes in client note.

• Net buying in the non-core last week was broad-based across the curve (except the 15y sector) but strong demand for the 2y sector stands out when looking at the trend
• Net buying seen in the core for the sixth consecutive week concentrated in the 5y sector
• Net selling of euro linkers last week, led by France and Spain
  • Italian linkers saw the largest net buying in six weeks
  • Demand for Bundei continues to strengthen on a four-week average basis
• Gilts saw the largest net selling in nine weeks with the 30y sector seeing net selling for two weeks in a row
• Demand for linker gilts was the highest in 2 months