Список проголосовавших за комментарий " <table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">European Summary<p><strong>European Debt Rallies as ECB Releases Minutes</strong></p><ul><li>European sovereign debt is trading higher across the board this morning as the minutes from the ECB Governing Council's January 19 meeting said that there is «some room for a trade-off between relative deviations from the capital key across jurisdictions and limiting the extent of purchase below the [deposit rate]». More deviation from the capital key, which apportions the bond purchases for the ECB's asset purchase program roughly in proportion to the size of each economy, would allow the ECB to buy more peripheral debt. The release of the minutes sent short-term German debt, like the two-year schatz, lower. In recent weeks, the front end of the German yield curve has moved near to record lows as investors priced in the removal of the deposit-rate floor for asset purchases. That is, since January 1, the ECB's public sector purchase program has been allowed to buy securities yielding less than -0.40%. On the inflation front, the ECB minutes showed little concern about the recent jump in inflation in the eurozone, with most policymakers considering it to be a reflection of rebounding energy prices rather than indicative of broad price pressure. Unemployment remains high in most eurozone countries, Germany being the most obvious exception, so there is reason to believe that a lot of excess capacity remains</li><li><strong>New Issuance:</strong><br/> <ul><li>Spain sold EUR2.05 bln of five-year Bonos with an average rate of 0.532% and a bid-to-cover of 1.53</li><li>Spain sold EUR1.02 bln of 10-year ODEs with an average rate of 1.733% and a bid-to-cover of 2.95</li><li>Spain sold EUR1.48 bln of 11y 8m ODEs with an average rate of 1.894% and a bid-to-cover of 1.67</li><li>France sold EUR3.25 bln of 3-year BTANs with an average rate of -0.34% and a bid-to-cover of 2.06</li><li>France sold EUR3.75 bln of 5-year BTANs with an average rate of 0.09% and a bid-to-cover of 2.05</li></ul></li><li><strong>European Economic Data:</strong><br/> <ul><li>France's unemployment rate fell less than expected to 10.0% for the fourth quarter from 10.1% for Q3</li><li>Italy's trade surplus unexpectedly widened to EUR5.8 bln for December from EUR4.19 bln in November<br/> <ul><li>Separately, Italy's parliament approved the creation of an EUR20 bln fund to recapitalize its banks</li></ul></li><li>Sweden's ILO Unemployment Rate remained at 6.9% in January, beating forecasts for an uptick</li></ul></li><li><strong>Yield Check:</strong><br/> <ul><li>France, 10-yr OAT: -2 bps to 1.04%</li><li>Germany, 10-yr bund: -1 bp to 0.37%</li><li>Greece, 10-yr note: +2 bps to 7.66%</li><li>Italy, 10-yr BTP: -6 bps to 2.19%</li><li>Portugal, 10-yr PGB: -9 bps to 3.98%</li><li>Spain, 10-yr ODE: -8 bps to 1.61%</li><li>U.K., 10-yr gilt: -2 bps to 1.28%</li></ul></li></ul></td> </tr></table>"