Italian and Spanish bond yields climb in early trade as traders pare back expectations after last week's rally. "Having seen peripheral yields and spreads move a long way in a relatively short space of time, and with the market also left waiting on a prospective Spanish aid request...we anticipate a degree of profit-taking in such products in the shorter term," Lloyds Wholesale Banking & Markets says. Overnight, Spanish Prime Minister Mariano Rajoy said a new backstop from the European Central Bank has helped to shore up confidence in the euro zone and made it less urgent for his country to seek a new bailout. Two-year Spanish yields are up 17bps at 2.78%, while the 10-year yield rises 9bps to 5.76%.
Find us on Google+
No comments:
Post a Comment