Market Comment | Bond markets await ECB meeting as commodity prices extend falls

Summary

With no relevant macroeconomic news and the markets focusing on tomorrow`s ECB meeting, European yields dropped, offsetting yesterday`s rise with the exception of Portuguese yields. (GER 10Y: -5bp, FRA 10Y: -7bp, ITA 10Y: -5bp, SPA 10Y: -6bp, POR 10Y: +3bp). The latter is pricing-in political uncertainty: a left-wing coalition may prevent the re-election of Passos […]

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