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EGB/Gilt - In the red going into the weekend

BONDS
  • EGBs and Bund fell this afternoon, after Equity rallied on report that Russia was ready to send a delegation for talks with Ukraine, but nothing as yet confirmed.
  • Bund under performs, while Peripheral trade tighter today. As more Russia tension may slow the ECB's exit strategy.
  • Greece is in the lead and tighter by 6.5bps.ECB Lagarde said that the ECB will analyze in March what to do in March.
  • Some divergence between the UK and Germany, with Gilts holding onto gains, albeit still in the red at the time of typing.
  • Gilt/Bund spread is 5.5bps tighter.
  • Looking ahead BoE Pill speaks.
  • After markets sees rating:
  • Fitch on Estonia (current rating: AA-; Outlook Stable)
  • Moody’s on Belgium (current rating: Aa3; Outlook Stable)
  • S&P on Austria (current rating: AA+; Outlook Stable)
  • DBRS Morningstar on Portugal (current rating: BBB (high), Stable Trend) & Slovakia (current rating: A (high), Stable Trend)

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