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Some weakness in Bunds and wider Italian........>

ECB
ECB: Some weakness in Bunds and wider Italian spreads following a Bloomberg
report at around 1700BST citing unnamed eurozone official sources that the ECB
regarded June as a 'live meeting' for debate QE exit at which they could
potentially make an announcement on when they would conclude asset purchases.
- This runs somewhat counter to MNI reports last Friday, which cited sources
saying "no June 14 decision expected on APP end date or taper". MNI's ECB story
cited Italy as a key factor behind the decision - given the situation in Rome
has changed markedly since then, this may not be too surprising.
- Given this news, there will be additional focus on any clues from ECB speakers
coming up:
- Jens Weidmann speaks in Brussels at 1830BST Tuesday evening on "Reforms for a
stable Monetary Union"
- Chief econ Praet speaks in Berlin at 0800BST Wednesday at International
Congress of Actuaries

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