07 July 2019
Posted in
sentix Weekly
Bond overconfidence risk on the rise, focus on Italy
The focus is on Italian bonds. Sentiment is positive for the first time since recording began. The all-time high makes you prick up your ears! At the same time, medium-term confidence is clearly eroding (bias -8 percentage points, not shown), so the overall vote is negative: The balance of both indicators, which is reflected in the time difference index, reaches a 26-week high of +28 points. BTP have to release hot air and are forced into consolidation.
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