BTP slightly higher, but after Bund yields decline rates, long strength – Reuters Italy

       

 MILAN, August 21 (Reuters) – slight upward trend in the Italian secondary, with restingimento Deglis pread in front of a Bund showing a slight weakness. A particular strength of the trader is to say, have shown it in the morning the long Italian sub, but especially Spanish. “The market is a little choppy, basically ‘flat.’ You see a slight fall in line with the Bund, while France and Belgium widen more in terms of spread to the likely exit of Asian investors,” says Alessandro Giansanti, strategist at ING. ” They make good long  soprattuutto Italian and Spanish. ” Around 12, the thirty-year Spanish makes 3,598% with upward of 651 ticks. “However, the weakness of the Bund is not really a ‘sell-off’, it is a time of adjustment after the rally. Investors also expect to take long positions after the performance of the decade broke down the 1% threshold. It’s a break, “says Giansanti. The Bund opened in fall this morning weighed down by the minutes of the Fed, which indicate the risk of a rise in interest rates. A reaction triggered despite the minutes reveal more nuanced tones on the face of the increase in the cost of money. The Federal Reserve is in fact surprised by the rapidity of the improvement of the labor market, but it is not going to anticipate the expected rise in interest rates until the recovery is more convincing, as we read the minute of the last FOMC released yesterday evening . On the macroeconomic front has positively surprised the market by the German SMEs,  which at the moment has pushed the euro to the highest seat. The flash estimate of the composite index for August indicates a down to 54.9 points from 55.7 in July, while remaining well above the 50 point threshold that separates contraction from those surveys of business expansion. This is the sixteenth consecutive month of expansion, indicating a potentially strong GDP of the country in the third quarter after a surprise contraction emerged from the data of the second ==================== ========= 12.00 ============================ BUND FUTURES WEEK. 149.98 (-0.34) FUTURES BTP WEEK. 128.93 (+0.02) BTP 2 YEARS (AGO 16) 106.465 (+0.009) 0.403% 10 year BTP (SET 24) 110.344 (+0.105) 2.583% BTP 30 YEARS (SET 44) 117.465 (+0.173) 3.808 % ========================= SPREAD (PB) ==================== LAST CLOSING ======= TREASURY / BUND 10 ANNI 144 143 BTP / Bund 2 YEARS 41 42 BTP / Bund 10 YEARS 158 158 level minimum / maximum from 157.2 to 162.6 from 157.1 to 160.5 BTP / BUND SPREAD BTP  30 ANNI 197 198 YEARS 218.0 10.2 218.5 122.5 122.1 SPREAD BTP 30/10 YEARS ===================== =========================================== site www.reuters.it Reuters news in Italian. The top news also on www.twitter.com/reuters_italia 

       
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