Analysis details (09:43)
- This underperormance by Spanish and Italian assets is evident in the fixed income market, where SP/GE 10s wider by 5 and above the 450bps mark (level at which LCH Clearnet generally begins to review bonds for margin requirements) and IT/GE 10s wider by 6bps.
- FR/GE 10s wider by 3bps at 82bps, widest since early October. Of note, earlier today Moody's said that it will communicate view on France within a few weeks.
- EUR/USD pared overnight gains and now seen flat.
09 Nov 2012 - 09:34 - Fixed Income - Source: RANsquawk
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