February 05, 2025 09:12 GMT
EGBS: Spreads To Bunds Little Changed To A Touch Wider As Equities Tick Lower
EGBS
Spreads to Bunds within 1bp of yesterday’s closing levels, with weakness in e-mini futures since yesterday’s close and a downtick in European equities probably promoting modest widening against the outright bond rally.
- No tangible widening in RAGBs after media reports pointed “at least a temporary halt” in coalition government discussions between the right-wing FPÖ and conservative ÖVP. Both parties have since noted that discussions are set to continue today, limiting the market fallout.
- Similarly, no meaningful, lasting reaction to the PMI readings, with a mark lower in the French final services PMI providing the most notable takeaway.
95 words