Euro IG Credit Spreads May Tighten as US Tapering Fears Ease -- Market Talk
Euro IG Credit Spreads May Tighten as US Tapering Fears Ease -- Market Talk
1009 GMT - Euro investment-grade corporate bond spreads could unwind some of their recent widening on the back of easing tapering fears in the U.S., says Commerzbank. "While U.S. tapering fears still linger, yesterday's US Consumer Price Index print failed to see them flare up," says credit strategist Cem Keltek, as the reading came in within expectations. Easing concerns over an immediate bond taper in the U.S. could unwind the gradual 3.5 basis-point widening in euro IG corporate bonds since last Friday. Keltek expects spreads to trade in small ranges. (lorena.ruibal@wsj.com)
格林威治時間1009GMT-德國商業銀行表示，由於美國縮減量化寬鬆的擔憂緩解，歐元投資級公司債券利差可能會部分逆轉近期擴大的趨勢。信貸策略師Cem Keltek表示：“儘管美國縮減量化寬鬆的擔憂仍揮之不去，但昨日公佈的美國消費者物價指數(CPI)並未顯示出這種擔憂。”該讀數在預期之內。緩解對美國立即縮減債券規模的擔憂，可能會解除自上週五以來歐元IG公司債券逐步擴大3.5個基點的趨勢。Keltek預計利差將在小範圍內交投。(lorena.ruibal@wsj.com)