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)
格林威治时间1009GMT-德国商业银行表示，由于美国缩减量化宽松的担忧缓解，欧元投资级公司债券利差可能会部分逆转近期扩大的趋势。信贷策略师Cem Keltek表示：“尽管美国缩减量化宽松的担忧仍挥之不去，但昨日公布的美国消费者物价指数(CPI)并未显示出这种担忧。”该读数在预期之内。缓解对美国立即缩减债券规模的担忧，可能会解除自上周五以来欧元IG公司债券逐步扩大3.5个基点的趋势。Keltek预计利差将在小范围内交投。(lorena.ruibal@wsj.com)