HALISTER1: Italian Summer Bond Rally Shows Signs of Ending as Supply Looms

Italian Summer Bond Rally Shows Signs of Ending as Supply Looms

(Bloomberg) -- The summer may be ending early for Italian bonds. After a European holiday respite that saw the nation’s securities in demand due to their comparatively high yields in otherwise thin trading, the market is showing signs of turning bearish.
  • Barclays Plc, JPMorgan Chase & Co. and BNP Paribas SA recommend going short Italian bonds ahead of planned debt issuance in the coming weeks and a potential move by the European Central Bank to taper its asset-buying program
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To contact the reporters on this story: John Ainger in London at jainger@bloomberg.net; Stephen Spratt in London at sspratt3@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Scott Hamilton

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BARC LN (Barclays PLC)
2539Z GR (European Central Bank)

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