SaxoTV

Boye: No mayhem in bond markets over Greece – yet!

450 views
June 29, 2015 bond buying, bond investors, bond market, bond markets, bond trader, bond yields, bonds, bonds market, bonds update, boye, contagion, ecb qe, equities, equity, equity market, equity markets, euro area, euro stoxx 50, euro zone, european central bank, fixed, fixed income, fixed income bonds, fixed income saxo bank, fixed income trader, fixed income v equities, fixed yeilds, fixed yields, german bonds, german bunds, germany, greece, greece bailout, greece crisis, greece debt crisis, greece european union, greek, greek bailout, greek crisis, greek talks, grexit, income, italian bonds, italy, michael, michael boye saxo bank, peripheral, periphery, portugal, portuguese bonds, qe, rescue, saxo, saxo bank, saxo bank bonds, saxo bank fixed income, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, sovereign, sovereign bond, sovereign bonds, sovereign debt, sovereigndebt, spain, spanish bonds, trade, trade idea, trade ideas, trade view, trader, traders, trades, trading, trading bonds, trading fixed income, trading floor, trading floor saxo tv, trading idea, trading platform, trading risks, trading strategy, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom
It’s been a very dramatic morning for European fixed income after talks between Greece and its creditors collapsed over the weekend, says Saxo bank’s Michael Boye. Still, it looks like fears over any contagion from a potential Grexit may have been exaggerated.

Boye stresses that uncertainty remains after the Greek government decided to put proposals from its creditors to a popular vote in Greece, which is taking place on July 5.

But bond traders appear to feel reassured that measures put in place by the euro area, after the debt crisis started a few years ago, will limit any spillover from Greece. Also boosting confidence is the fact the European Central Bank is an active buyer of bonds through its QE programme.

Instead it is the European equity markets that are really feeling the impact after markets rose last week in anticipation of a deal between Greece and its creditors.