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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
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
Summer in full swing but first two weeks of August not completely off the cards for non-euro deals
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Portugal’s secondary spreads widened through the week as uncertainty grew over the makeup of its next government — but the country was among those benefiting on Thursday after a dovish European Central Bank press conference.
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The UK Debt Management Office built its largest ever order book for a syndicated bond on Tuesday, but bankers away from the deal felt it was the trade’s timing that was particularly impressive.
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Eurozone government yields dropped several basis points after European Central Bank president Mario Draghi hinted at a press conference on Thursday afternoon that the central bank would boost monetary easing.
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One would be forgiven for thinking demand for British government debt was drying up, given some of the reporting in September that bid to cover ratios at Gilt auctions were falling.