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22 May 2014
Peripheral bond markets revived – Danske Bank
FXStreet (Edinburgh) - Peripheral European bond markets are trading in a better mood, according to Kasper Kirkegaard, Chief Analyst at Danske Bank.
Key Quotes
“European peripheral bond markets came back yesterday and spreads to Germany tightened across the board”.
“The 10-year yield on Spanish government bonds even came close to falling below 3% again”.
“Yesterday’s price action was comforting, as it suggests that there remains underlying investor appetite for peripheral bonds, but the question is whether spreads will be able to re-tighten back to early May lows on this side of the EU elections and the important upcoming ECB meeting”.
Key Quotes
“European peripheral bond markets came back yesterday and spreads to Germany tightened across the board”.
“The 10-year yield on Spanish government bonds even came close to falling below 3% again”.
“Yesterday’s price action was comforting, as it suggests that there remains underlying investor appetite for peripheral bonds, but the question is whether spreads will be able to re-tighten back to early May lows on this side of the EU elections and the important upcoming ECB meeting”.