Free Trial

Commerzbank Looks For Test Of 150bp In BTP/Bund Spread

BTP

Commerzbank note that “Italy's budgetary plans, to be submitted to the EU on Tuesday next week, are likely to include a return to 3% deficits by 2026 at the earliest.”

  • “The market seems unconvinced after Italy's 2023 deficit (7.2% of GDP), with spreads widening.”
  • “More visibility and a more robust budget plan after some EDP-induced adjustments could provide relief for BTPs.”
  • “Near-term, BTP/Bunds looks set to test the 150bp mark, despite buoyant overall risk-sentiment.”
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.