26 Jun 2015
FI markets still look to Greece – Danske Bank
FXStreet (Edinburgh) - Greece will continue to drive the sentiment around the bond markets in Euroland, suggested Senior Analyst at Danske Bank Christin Tuxen.
Key Quotes
“Fixed income markets continue to be caught in the ‘Greek-deal-limbo’ and today is unlikely to be any different”.
“We have experienced that timelines and deadlines are moving targets but it seems like a crescendo is building up for the Eurogroup meeting on Saturday”.
“A lot has already been priced-in the periphery but the positive sentiment should extend further on a final agreement, even though some details are expected to remain open until an eventual implementation in parliaments”.
“Nonetheless, we expect Bunds to test lows on an agreement before we expect it to edge a bit higher as technicals support the FI markets over the summer”.
Key Quotes
“Fixed income markets continue to be caught in the ‘Greek-deal-limbo’ and today is unlikely to be any different”.
“We have experienced that timelines and deadlines are moving targets but it seems like a crescendo is building up for the Eurogroup meeting on Saturday”.
“A lot has already been priced-in the periphery but the positive sentiment should extend further on a final agreement, even though some details are expected to remain open until an eventual implementation in parliaments”.
“Nonetheless, we expect Bunds to test lows on an agreement before we expect it to edge a bit higher as technicals support the FI markets over the summer”.