Eurozone Bond Curve Expected to Steepen Again

Dow Jones
09/07

0527 GMT - Going into 2027, eurozone bond curves are expected to resume steepening, encouraging debt management offices to continue gradually reducing weighted average maturity, Morgan Stanley strategists say in a note. "Nevertheless, we still see scope for new 30-year syndications across the Big 4 [Germany, Italy, France, Spain], with the exception of Spain," they say. Among smaller issuers, Morgan Stanley strategists expect potential 30-year deals from the Netherlands and Finland, and possibly Portugal.

 

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