Spain, Italy Climb Ahead of ECB; End-of-Day Curves, Spreads
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
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UUID: 7947283
(Bloomberg) -- Spanish and Italian bonds led a European rally ahead of ECB with buying predominantly seen during morning session. Bund futures bounced from the open but saw some selling in the afternoon; 10-year sector staying higher into the close.
- Spanish 10-year yields fall despite heightened rhetoric between Madrid and Barcelona, following decline last week
- Spain and Italy 10y yields fall 4bps
- Some selling seen in Italian inflation- linked bonds as investors make room for a new one in November, traders say
- Strong bias to be short rates into the ECB meeting, with Barclays, Deutsche Bank and JPMorgan all recommending short 10y Bund into ECB, while Citigroup and BNP also expect bund yields to head higher in the short term: MORE
- Bund futures, dip from near session highs after two futures block trades, which appear consistent with sales
- Click here for a spreadsheet heat map of euro-area govt bond curves and spreads
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283