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A light data calendar should leave focus on the ECB QE and on Greece today. QE action should continue to support Bunds, offering offer tailwind to the US-Bund spread. Unicredit notes in a report on Tuesday: While yields …

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A light data calendar should leave focus on the ECB QE and on Greece today.  

QE action should continue to support Bunds, offering offer tailwind to the US-Bund spread.
 
Unicredit notes in a report on Tuesday:

  • While yields in the periphery fell yesterday, they lagged Bunds leading to spread widening. 

  • Upcoming supply on Thursday and renewed tensions on Greece are likely two factors weighing on the performance.

 

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