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Forex Flash: Continued decline in Spanish and Italian bond yields is impressive – BBH

By FXstreet.com,  January 10, 2013, 08:09:00 AM EDT

FXstreet.com (Barcelona) - Spanish 10-year bond yield is off 24 bp thus far this year, with 14 bp decline being recorded today note Brown Brothers Harriman analysts.

They note that the yield is below 5% for the first time in nearly 10 months. The 2-year yield is around 2.14%, the lowest in more than 2-years. The 10-year Italian yield is off about 10 bp to push the yield near 4.16%, the lowest since late 2010. They write, "We note reports of new interest by foreign investors in Spanish and Italian bond markets and an improving deposit picture. Italy reported today, for example, that deposits rose 6.6% y/y in November."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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