Spanish Bonds Face Turbulent Weeks on Catalan Standoff and ECB Meeting
- Political tensions remain high while ECB could announce taper
- Bond spreads over Germany can still widen: TD Securities
Barclays' Fernandez Says Catalan Question Not Over
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Spanish bonds aren’t out the woods yet.
The country’s securities will be vulnerable to political developments, even though Catalan separatists pulled back from an immediate declaration of independence, said Morgan Stanley & Co. International Plc and TD Securities Inc. The debt will also be particularly exposed to any tapering announcement from the European Central Bank this month, Deutsche Bank AG said.