From Seekingalpha · ING Economic and Financial Analysis · · 40s
Rates Spark: Don’t Get Too Comfortable
US bond markets calm after strong auctions but risks linger.
In brief
US bond markets calm after strong auctions but risks linger. US Treasury markets stabilized following solid bond auctions but investors remain cautious about potential rate changes. Originally reported by Seekingalpha.
US bond markets calm
US Treasuries have calmed following solid 10-year bond auctions this week.
Investors signal electoral reform preference
Italian bond investors indicated support for electoral reforms that could improve governability.
France's governability as spread tightening prerequisite
We draw the parallel with France where improved governability is needed for material tightening of bond spreads.
The bottom line
US Treasury markets stabilized following solid bond auctions but investors remain cautious about potential rate changes.
