Список проголосовавших за комментарий " European Summary<p><strong>Yields Jump in Eurozone Periphery</strong></p><ul><li>Eurozone sovereign yields moved sharply higher in the eurozone periphery today as the IMF said that Greece's debt pile is on an unsustainable path. Italy and Portugal are being treated as much greater credit risks this morning as their yields jump to 12-month highs while the German 10-year Bund yield is unchanged. German inflation data for January came up a little bit short of expectations (1.9% y/y) and an economic sentiment index for the eurozone rose to a nine-year high for the same month</li><li>Greece's debt burden will «become explosive» after 2022, according to an IMF report seen by the Financial Times. The report says that «Greece cannot grow out of its debt problems» and that debt restructuring is necessary. Some eurozone countries will not support aid to Greece without IMF support and so Greece's 10-year yield is up 30 basis points to 7.39% this morning</li><li>Italian bank Unicredit said today that its capital ratios for the end of 2016 will not meet ECB requirements. The bank is trying to raise EUR13 bln in February, almost as much as its market cap of EUR17 bln</li><li><strong>New Issuance:</strong><br/> <ul><li>Italy sold EUR2.75 bln of 5-year BTPs at a gross yield of 0.92% with a bid-to-cover ratio of 1.32</li><li>Italy sold EUR4.00 bln of 10-year BTPs at a gross yield of 2.37% with a bid-to-cover ratio of 1.29</li></ul></li><li><strong>European Economic Data:</strong><br/> <ul><li>Germany's consumer price index fell 0.6% m/m in January, in line with estimates. January's drop reversed December's 0.7% m/m jump but easier year-on-year comparisons allowed the y/y pace to rise to 1.9% from 1.7%. The ECB's target is just under 2%</li><li>The eurozone's Business and Consumer Survey index unexpectedly increased to a nine-year high of 108.2 for January from 107.8 in December<br/> <ul><li>The Business Climate index fell to 0.0 from 0.8</li><li>Consumer Confidence ticked up to -5.0 from -5.1</li><li>Services Sentiment climbed to 14.0 from 13.0</li><li>Industrial Sentiment increased to 1.0 from 0.1</li></ul></li><li>Spain's GDP grew 0.7% q/q in the fourth quarter (3.0% y/y), according to preliminary data. That was in line with both forecasts and Q3's rate</li><li>In Switzerland, KOF Leading Indicators unexpectedly fell to 101.7 for January from 102.1 for December</li></ul></li><li><strong>Yield Check:</strong><br/> <ul><li>France, 10-yr OAT: +4 bps to 1.08% (touched a 15-month high)</li><li>Germany, 10-yr Bund: unch at 0.46%</li><li>Greece, 10-yr note: +35 bps to 7.44%</li><li>Italy, 10-yr BTP: +11 bps to 2.32% (touched a 17-month high)</li><li>Portugal, 10-yr PGB: +7 bps to 4.17% (touched an 11-month high)</li><li>Spain, 10-yr ODE: +4 bps to 1.63%</li><li>U.K., 10-yr Gilt: -1 bp to 1.47%</li></ul></li></ul>"