News Headline Summary

Peripheral bond yield spreads little changed in early trade, focus expected to remain on Greece today

Update details:

- Overnight, Greek parliament passed the country's 2013 budget overnight with 167 'Yes' votes. The Greek finance minister Stournaras said Greece will get the entire EUR 31bln tranche and will receive it in time. However press reports over the weekend noted, citing German finance minister Schaeuble, that fnance ministers are unlikely to be able to decide on the next tranche of aid for Greece when they meet today, and will not be put under pressure to do so.
- GR/GE 10s spread wider by 5bps
- EUR/USD off overnight highs, on track to make a test on 1.2700.

Print 07:40, 12 Nov 2012 - Market Analysis - Source: RANsquawk