By Alun John, Harry Robertson and Sara Rossi
LONDON/MILAN, Oct 7 (Reuters) - Traders have turned more discerning following a bond market rout, dumping the debt of European countries they deem the riskiest and rushing to safe-haven Germany.
The moves highlight a new hierarchy in the ever-evolving rankings of European debt.
France, once a beneficiary of a flight to safety, has been hit by selling. Previously shunned Italy and Britain are less exposed but still fragile, while Dutch and Swiss debt have rallied alongside Germany.
"We've seen bond vigilantes come out in force," said Man Group Chief Market Strategist Kristina Hooper.
#germany #bond
LONDON/MILAN, Oct 7 (Reuters) - Traders have turned more discerning following a bond market rout, dumping the debt of European countries they deem the riskiest and rushing to safe-haven Germany.
The moves highlight a new hierarchy in the ever-evolving rankings of European debt.
France, once a beneficiary of a flight to safety, has been hit by selling. Previously shunned Italy and Britain are less exposed but still fragile, while Dutch and Swiss debt have rallied alongside Germany.
"We've seen bond vigilantes come out in force," said Man Group Chief Market Strategist Kristina Hooper.
#germany #bond
8 days ago
