We think the new German Government will not have a significant impact on the outlook for German Bunds. But at the margin, the uncertainty surrounding its stance in the upcoming negotiations on reforms to the EU stability and growth pact adds to the reasons to expect the spreads of euro-zone “peripheral” government bonds over German Bunds to widen somewhat over the next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services