News Headline Summary

European news of note from this weekend...

- Spanish PM Rajoy told union leaders that German chancellor Merkel is opposed to a sovereign bailout for Spain because she is reluctant to submit the decision to the Bundestag, according to El Pais.

- Italian centre-right leaders increased pressure on PM Monti over the weekend to run for a second term in coming elections as the leader of a broad alliance of moderates. In other news for Italy, Fitch affirmed Italy at A-; outlook negative.

- David Smith writes that the BoE may never need to sell off most of the gilts it has acquired under QE. This means that the prospect of large losses to the Treasury and taxpayer on the eventual unwinding of QE is greatly reduced, according to Sunday Times.

16 Dec 2012 - 16:14 - Fixed Income - Source: Newswires

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