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Peripheral European Bond Yields
Seeing some slight tightening in peripheral European bond yields against German bunds. Is this purely an ECB anticipation play, or are there underlying improvements in some of these economies being priced in? Could have implications for banking sector valuations in countries like Italy and Spain.
1 comments · 14 points
I lean more towards the ECB anticipation side, given the general market sentiment right now. Hard to see massive underlying improvements that justify a huge shift just yet, but definitely something to keep an eye on for bank valuations.