Bonjour a tout les bondaroles
a leggere i vari report i discorsi che stanno facendo sui bond eu è questo, l'euro forte terrà buonina l'inflazione e così la bce non avrà il motivo di alzare oltre misura i tassi : ergo rialzo di 0,25 tra qualche gg, poi l'anno prossimo forse un altro e stop
quindi se si fa Bund ,affiancargli un grafo dell'euruzz come faceva Maria un tempo
European Bonds End 3-Day Winning Run on Signs Growth Quickening
Dec. 5 (Bloomberg) -- European two-year bonds fell for the first day in four after a report showed growth in the European service industries, the biggest part of the $10 trillion economy, unexpectedly accelerated in November.
Benchmark debt was also hurt after separate data showed sales at euro-region retailers quickened more than expected in October, after slipping a month earlier. Traders have raised bets the European Central Bank will keep increasing interest rates, futures prices show.
``The PMI numbers are another sign of the increasingly self- sustained upswing in the European economy,'' said Marius Daheim, a bond strategist in Munich at Bayerische Landesbank, one of 39 primary dealers in German debt. ``We're in a robust growth phase that's likely to continue into 2007, and yields will go higher from here.''
The yield on the benchmark two-year note, which is more sensitive to changes in rate expectations than longer-dated debt, rose 3 basis points to 3.62 percent at 10:30 a.m. in London.
The price of the 3.5 percent security due September 2008 fell 0.05, or 50 euro cents per 1,000 euro ($1,333) face amount, to 99.78. Bond prices move inversely to yields.
Royal Bank of Scotland Group Plc said its services index rose to 57.6, a four-month high, from 56.5 in October. Economists expected the index to be unchanged, the median of 32 estimates in a Bloomberg survey showed. A level above 50 indicates growth.
Euro region retail sales rose 0.3 percent from a revised drop of 1 percent in September, Eurostat, the European Union's statistics office, said. Economists forecast a rise of 0.2 percent, a survey showed.
ECB Rates
Bunds may extend declines on expectations Frankfurt-based ECB President Jean-Claude Trichet will raise rates this week for the sixth time in a year and prepare the ground for another increase in the first quarter, a survey of economists shows.
The ECB is going to raise rates this week ``and we expect to see another hike to 3.75 percent in the New Year,'' said Stuart Thomson, a bond fund manager at Resolution Investment Management in Glasgow, Scotland. ``This will keep pressure on the European bond market.''
The ECB will lift its benchmark rate by a quarter-point to 3.5 percent on Dec. 7, according to all of the 41 economists surveyed by Bloomberg News. The bank, which also publishes new growth and inflation forecasts, will probably take the rate to 3.75 percent in March, the survey showed.
Traders are betting on at least one more interest-rate increase from the ECB next year, futures prices show. The yield on the three month Euribor futures contract for March rose 3 basis points to 3.78 percent today.
The contract settles to the three-month interbank offered rate for the euro, which has averaged about 16 basis points above the ECB's benchmark rate since 1999.
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