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Small widening pressure on BTPs this morning...>

EGBS
EGBS: Small widening pressure on BTPs this morning after Fitch failed to upgrade
Italy's sovereign rating outlook on Friday, affirming its 'BBB' rating; Outlook
Negative. Some had looked for an outlook upgrade to neutral.
- Widening seen vs. Bunds (+~1.4bp), as well as the likes of peripheral
counterparts Spain (+~1.5bp) & Portugal (+~1.7bp), with 10-Year tenors
referenced.
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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