Tuesday, May 12, 2015

12/5/15: European Bonds are Set to Continue their Decline

Things are getting ugly in the bond markets. Bund 10 year is already up ca 7bps, while Italy is up 9bps.

Here's yesterday close for the 'peripherals':

Source:  @tradeweb

And Italy, Spain, Portugal on a longer view:

Source: @Schuldensuehner 

Meanwhile, Germany...

Source: @Schuldensuehner 

Meanwhile, the theme of investment flows (ETFs) rotation is may be starting, although European ETFs are seeing record inflows, breaking USD500 billion mark in April:

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