15 Jul 2014
Portuguese bonds remain supported - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, remarks the tightening in the Portuguese bonds spread.
Key Quotes
"Portuguese bond spreads have tightened a little and financial markets have calmed down. Equities are higher, credit spreads tighter than they were towards the end of last week."
"The bigger question is whether they are now range-bound, or set to rally further. I'd guess we can make more new highs in equities, but 10yr PTE/GER will struggle to do more than re-gain the 190-200bp spread levels we saw in mid-June."
Key Quotes
"Portuguese bond spreads have tightened a little and financial markets have calmed down. Equities are higher, credit spreads tighter than they were towards the end of last week."
"The bigger question is whether they are now range-bound, or set to rally further. I'd guess we can make more new highs in equities, but 10yr PTE/GER will struggle to do more than re-gain the 190-200bp spread levels we saw in mid-June."