Free Trial

Spreads To Bunds Tighest Since Early October

BTP

The BTP/Bund spread is nearing the next downside level at the October 2 low of 188.4bps, sitting 7bps tighter on the day at 189.3bps.

  • Risk sentiment has been positive through the day as spillovers from the Fed/US refunding announcement yesterday continue to impact markets. Periphery spreads are tighter across the board with Italy and Portugal outperforming (though Greek & Spanish spreads to Bunds still sit 2.5-3bps tighter on the day).
  • 2s10s curves across the peripheries are seen bull flattening alongside Bunds, with the Italian 2s10s 6.6bps flatter at 87.2bps.

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.