交易新闻
23 Apr 2015
Periphery yields outperformed on Greece – Danske Bank
FXStreet (Edinburgh) - Chief Analyst Allan von Mehren assessed the recent performance of core and periphery bond markets in the euro area.
Key Quotes
“Peripheral bond markets performed strongly yesterday as the fears over an imminent Greek default eased further”.
“While a deal with the EU is unlikely this week, Reuters ran a story that Greece can scrape together enough cash to make it till June”.
“In contrast, core bond yields moved sharply higher in a curve steepening move where German 30-year yields rose 8bp during the afternoon. US yields also saw increases but have eased a bit overnight”.
“As this year has been a one way road of declining core EUR rates, yesterday brought a somewhat different set of dynamic with core yields increasing throughout the day and most pronounced in longer segments steepening the curve”.
“The 30y Germany showed the highest yield increase of 2015 rising more than 7bp. The move was also affected by spillover from developments in the UST curve that saw increases on the back of good numbers in the housing market”.
Key Quotes
“Peripheral bond markets performed strongly yesterday as the fears over an imminent Greek default eased further”.
“While a deal with the EU is unlikely this week, Reuters ran a story that Greece can scrape together enough cash to make it till June”.
“In contrast, core bond yields moved sharply higher in a curve steepening move where German 30-year yields rose 8bp during the afternoon. US yields also saw increases but have eased a bit overnight”.
“As this year has been a one way road of declining core EUR rates, yesterday brought a somewhat different set of dynamic with core yields increasing throughout the day and most pronounced in longer segments steepening the curve”.
“The 30y Germany showed the highest yield increase of 2015 rising more than 7bp. The move was also affected by spillover from developments in the UST curve that saw increases on the back of good numbers in the housing market”.