Free Trial

Commerzbank Look For Further Tightening

BTP

Commerzbank write “we have argued that the BTP-rally is not overdone as evaporating funding spreads and remote odds of a domestic policy shock leave 10y BTP-Bund spreads with only a modest premium vs. our fair value model, also overcompensating the still sluggish fiscal consolidation.”

  • “We expect further tightening towards the pre-pandemic lows.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.