Список проголосовавших за комментарий " European Summary<p><strong>Eurozone Core/Periphery Spreads Narrow as Industrial Production Jumps</strong></p><ul><li>Eurozone sovereign debt is seeing mixed results while core-periphery spreads are narrowing today as industrial production data for the single currency area surprised on the upside in November. German GDP growth also lifted sentiment, rising to a five-year high, and were the eurozone's industrial production growth to continue in Q4, GDP growth could be as high as 0.8% for the quarter. The euro currency is up 0.76% to 1.0666 today as Treasury/Bund yield spreads narrow</li><li><strong>Central Banks:</strong><br/> <ul><li>The European Central Bank published the minutes from its December 8 meeting today and they showed that supply concerns were a factor in the Governing Council's decision to reduce monthly purchases to EUR60 bln from EUR80 bln after March of this year<br/> <ul><li>The minutes also showed that legal implications associated with increasing the single issue or single issuer limits to the asset purchase program's government bond purchases kept the Governing Council from pursuing those changes</li><li>While some members initially supported only a six-month extension at an EUR80 bln/month pace, the nine-month EUR60 bln/month option garnered «very broad support» after further discussion</li></ul></li></ul></li><li><strong>New Issuance:</strong><br/> <ul><li>Italy sold EUR3.0 bln of 3-year BTPs at a gross yield of 0.06% with a bid-to-cover ratio of 1.46</li><li>Italy sold EUR2.75 bln of 7-year BTPs at a gross yield of 1.15% with a bid-to-cover ratio of 1.47</li><li>Italy sold EUR1.5 bln of 20-year BTPs at a gross yield of 2.53% with a bid-to-cover ratio of 1.46</li><li>The U.K. tapped its 10-year Gilt maturing in 2025 for GBP2.25 bln at an average yield of 1.158% with a bid to cover ratio of 2.52. The auction tailed by 0.2 basis points</li></ul></li><li><strong>European Economic Data:</strong><br/> <ul><li>In the eurozone, industrial production jumped by a better-than-expected 1.5% m/m in November (3.2% y/y) after ticking up by 0.1% in October</li><li>Germany's economy grew by 1.9% in 2016 (1.7% in 2015), its fastest rate in five years, edging past economists' estimates. Germans vote in national elections this fall</li><li>Italian industrial production grew 0.7% m/m in November (3.2% y/y), beating both estimates and October's 0.1% increase</li><li>French CPI and HICP (harmonized index of consumer prices) growth was finalized at 0.3% m/m for December, in line with the initial readings and November's growth rate</li></ul></li><li>Yield Check:<br/> <ul><li>France, 10-yr OAT: unch at 0.77%</li><li>Germany, 10-yr Bund: +1 bp to 0.25%</li><li>Greece, 10-yr note: +1 bp to 6.83%</li><li>Italy, 10-yr BTP: +1 bp to 1.88%</li><li>Portugal, 10-yr PGB: -2 bps to 3.94%</li><li>Spain, 10-yr ODE: -2 bps to 1.40%</li><li>U.K., 10-yr Gilt: -5 bps to 1.41%</li></ul></li></ul>"