HALISTER1: Spanish Bonds Underperform on Talk of 10Y Sale, Trader Says

Spanish Bonds Underperform on Talk of 10Y Sale, Trader Says

(Bloomberg) -- Speculation in the market of potential 10Y SPGB bond issue saw 10Y Spain underperform by ~1bp on 5s10s30s fly yday, says one trader based in London.
  • Lack of auctions from Italy, Spain leaves door open to possible 50Y BTP or 10Y Bono, writes JPMorgan in a client note
  • Potential additional issues expected to be sold in May/June include new 10Y Spain, 50Y Italy, Citi writes in a client note
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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