Back
16 Aug 2013
Investors risk apatite returning to European Bonds
FXstreet.com (Barcelona) - The economic outlook is improving and Spanish and Italian bonds benefit. EUR holding high’s.
Market economists are widely expecting that services and manufacturing data from the EZ next week will show markedly that the EZ is improving. Spanish bonds have picked gains and are leading in the European Government Securities space. 10 yr yields dropped to May lows while German 10 yrs were sighting highs not seen for 16 months while investors risk apatite returned, favouring the riskier and higher yielding securities. Meanwhile, Italian yields also fell and they fell by two basis points. The Euro is has been tracking the up beat sentiment and has scored a high of 1.3357 overnight and remains in positive territory as the week approaches a close.
Market economists are widely expecting that services and manufacturing data from the EZ next week will show markedly that the EZ is improving. Spanish bonds have picked gains and are leading in the European Government Securities space. 10 yr yields dropped to May lows while German 10 yrs were sighting highs not seen for 16 months while investors risk apatite returned, favouring the riskier and higher yielding securities. Meanwhile, Italian yields also fell and they fell by two basis points. The Euro is has been tracking the up beat sentiment and has scored a high of 1.3357 overnight and remains in positive territory as the week approaches a close.