Free Trial

Portugal Outperforms & GGBs Lag At 10-Year Point, Although Trade Remains Contained

EGBS

10-Year peripheral EGB spreads vs. Bunds sit within -/+1.5bp of yesterday’s closing levels, with Portuguese paper outperforming on the rally and Greek paper lagging, while core/semi-core EGBS are little changed when it comes to spreads vs. Bunds.

  • Regional headline flow has been a little limited, with ECB Governing Council member Rehn stressing the focus on underlying inflation, which is only easing “gradually.”
  • In terms of broader regional debt/fiscal matters, reports continue to do the rounds re: the EU unveiling EUR50bn of fresh support for Ukraine later today.
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.