Cross road: the landscape of the fixed-income market

Monday 14 May 2018

Research / Market

Two events pushed down Eurozone sovereign spreads in 2017: the French presidential election in April & May, which dissipated investors’ fears about  Eurosceptic movements, and the announcement on 26 October of a smaller-than-expected reduction in ECB’s QE for 2018 (monthly purchases lowered from € 60 bn to €30bn). 

However, it is important to point out that the fundamentals of European sovereign bonds have improved recently and provide strong support for this segment of the market.

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