Periphery bond yields higher – BBH

FXStreet (Barcelona) - The Brown Brothers Harriman Team note that the periphery bond yields mostly trade higher with Spain and Italy’s 2yr yields up 10bp while Greek 10yr yields are up 15bps.

Key Quotes

“Periphery bond yields are mostly higher. Spain and Italy’s 2-year yields are up around 20 bp. The head of Germany’s council of independent economic advisers, Christoph Schmidt, was quoted saying that he sees no need for the ECB to engage in sovereign bond purchases.”

“Meanwhile, Greek 10-year yields are up 15 bps as markets begin to focus on the possibility that neither major party will have an outright majority in the upcoming election.”