Asia Unhedged | Euro falls as Treasury-Bund spread widens after 3:00 am NY time
Source: Bloomberg
Source: Bloomberg
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Euro falls as Treasury-Bund spread widens after 3:00 am NY time

Bund spreads with 10-year Italian and French bonds were marginally tighter

March 13, 2017 8:05 PM (UTC+8)

The drop in Bund yields after last week’s run up was a reaction to the worst month for Italian industrial production since 2011. That gives the European Central Bank more reason to maintain an accommodative policy. The “political” spreads between Bunds and, respectively, 10-year French and Italian government bonds were marginally tighter, suggesting that election risk was not the culprit.

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