Trichet matters: The impact of ECB moves


Comments from president of the European Central Bank (ECB) Jean-Claude Trichet on Tuesday (November 30) fuelled significant spread compression.

Spreads on peripheral debts collapsed 30–40 basis points in Italy, Spain, Ireland and Portugal. After last Thursday’s (December 2) press conference, spreads were even tighter. In two days, the 10-year Portuguese government bond/German bund spreads have compressed almost 100bp.

While this could prove temporary, nobody would have bet on such a development

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: