BTP rising with the Bund, the macro pushes Europe government bonds – Reuters Italy

BTP rising with the Bund, the macro pushes Europe government bonds – Reuters Italy

       

 MILAN, Oct 6 (Reuters) – A positive trend for Italian government bonds that move quite in line with the Bund, in a context where the ‘safe havens’ are favored by a macroeconomic framework for the uninspiring’ Europe. “What seems to move the market is above the European macroeconomic context. Economy slows and the market positions itself on the idea that the ECB will inject more liquidity,” says Alessandro Giansanti, strategist at ING. According Giansanti, there are various factors that drive government bonds, and differ shifting from Europe, where the driver is just limping economy, the USA, where instead the economic picture shows a certain strength. “After the good employment data last week’s US Treasuries have seen a rise in yields, but it is a hike content: I believe  that US investors see that the stock has already done a lot in terms of increases, and for see this little room for further strengthening and do not come off so much more than government bonds. ” To provide further support to European debt, the publication this morning of orders to the German industry, which showed a decline of 5.7% in August, showing the largest decline since 2009 The expectations of analysts was for a decline of 2 5%. In September, the American economy has created 248,000 jobs and the unemployment rate has fallen below the threshold of 6%, at least from July 2008 Economists polled by Reuters in a survey expected a growth in non-farm payrolls equal to 215,000 units and a stable unemployment rate to 6.1%. ============================= 12.20 ================== ========== BUND FUTURES December 150.10 (+0.28) BTP FUTURES December 130.89 (+0.17) BTP 2 YEARS (AGO 16) 106.053 (+0.007) 0.400% 10 year BTP (SET 24) 112.787 (+0.103) 2.311% BTP 30 YEARS (SET 44) 121.025  (+0.179) 3.629 % ========================= SPREAD (PB) ==================== LAST CLOSING ======= TREASURY / BUND 10 ANNI 153 153 BTP / Bund 2 YEARS 48 48 BTP / Bund 10 YEARS 141 139 level minimum / maximum from 138.5 to 141.2 from 138.6 to 142.8 BTP / BUND SPREAD BTP 30 ANNI 185 184 YEARS 191.1 10.2 192.1 131.8 131.0 SPREAD BTP 30/10 YEARS ===================== =========================================== site www.reuters.it Reuters news in Italian. The top news also on www.twitter.com/reuters_italia 

       
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