BTPs pressured after Lagarde but borrowers unconcerned

ECBBuilding_Adobe_575x375
By Lewis McLellan
25 Jan 2021

The European Central Bank meeting on January 21 did not strike a pleasing note for investors in eurozone government bonds, and spreads are still wider. But primary market participants seem unconcerned.

Italy’s 10 year yield is around 0.64% — down from Friday’s peak of 0.7%, but up from the 0.57% level it occupied before the ECB meeting. President Christine Lagarde's decision to highlight the fact that the ECB may not use the full Pandemic Emergency Purchase Programme envelope struck ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options