Forex | Forex | Intra-EMU sovereign spreads continue to narrow (28/07/2009 07:20:42)

Intra-EMU sovereign spreads continue to narrow

Markets: Fixed Income On Monday, government bonds lost further ground on supply concerns ahead of this week’s massive issuance in the US . The US Treasury will auction a record $115B of securities this week and also in the euro zone supply picks up again to €16.75B, after a near drought last week. As such, government bonds were under downward pressure, although the rally on the equity market showed some signs of fatigue. The underlying positive sentiment was nevertheless supported by the


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