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Commerzbank Maintain Bias For PGB & IRISH Tighteners

EGBS

In light of Friday’s rating moves from Moody’s and Monday’s related market gyrations Commerzbank note that “Portugal remains one of our top convergence trades, next to Ireland, and remain our favourite option to combine pick-ups with outstanding fundamental dynamics. We still recommend strategic longs in IRISH vs. DSLs and in PGBs vs. the semi-core.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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