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Sovereigns

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SSA
'Everyone is ready for summer to be over' as SSA wave builds for Monday
SSA
Analysts discuss the scope of tightening in Bund swap spreads and the impact on SSA spreads
OATs and OLOs could weaken further versus Bunds while southern European countries and EU continue to paint a positive picture
SSA
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
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  • SSA
    Italy sold 2015 debt at its lowest levels in two years on Thursday, following strong bidding in the past week after the ECB’s announcement of the Outright Monetary Transactions bond buying programme.
  • SSA
    Zambia is set to price its debut bond on Thursday at the maximum targeted amount of $750m.
  • SSA
    Italy is set to auction up to €6.5bn BTPs on Thursday in a sale that will include the first reopening of the sovereign’s March 2026s since July 2011. The sale will come a day after Italy slashed treasury bill yields in a €12bn auction.
  • SSA
    The Dutch State Treasury Agency reached its lowest ever yields on a 10 year auction on Tuesday morning, despite investor concerns over Wednesday’s elections in the Netherlands and the upcoming German constitutional court verdict on the European Stability Mechanism.
  • SSA
    Poland took advantage of buoyant sentiment on Monday to price a long 10 year as part of its pre-funding efforts for 2012. A rapturous response from investors allowed it to print well inside initial guidance.
  • SSA
    The Republic of Poland is preparing to print its first dollar global of the year on Monday afternoon, a long 10 year. The deal looks set to capitalise on the strong recent performance of Poland’s bonds versus US Treasuries — the guidance is more than 100bp inside where the issuer’s last 10 year global was priced in October.