Peripheral European debt very well bid.........>

EGBS: Peripheral European debt very well bid today. Peter Chatwell at Mizuho

pointing to the supply balance favouring the periphery this week. 

- He adds that a "slow ECB taper to support EUR duration/spread" adding that "We

expect the September ECB meeting to reflect the impact a stronger EUR has on

slowing the euro-area's progress to the ECB mandate".

- Rates Strategist, Luca Cazzulani echoes and adds to that view "investors are

increasingly expecting a dovish ECB, and a dovish ECB means higher pressure for

yield hunting." And with the softer ECB, he argues for greater pressure on the

ECB to be flexible with the QE program.

- Citi point to M5S politician Di maio dismissing a euro referendum as a 'tool

of last resort' to change the EU and say that the movement is moving from the

extreme to the centre. He was talking at the conference in Cernobbio at the

weekend.