Список проголосовавших за комментарий " European Summary<p><strong>Bund Yields Push Higher</strong></p><ul><li>European sovereign debt yields are trading higher today with German bunds leading the way ahead of the U.S. jobs report for February. The Thursday meeting of the European Central Bank's Governing Council did not produce any hawkish headlines but traders have seized on ECB President Draghi's remark that there is no sense of urgency for the ECB to ease policy further. The 10-year German bund yield is now 10 basis points higher than it was before the ECB announcement and up 24 basis points for the month of March. With U.S. Treasury yields testing their cycle highs of mid-December, the path of least resistance for European debt yields is higher as well. Investors have brushed off this week's sharp drop in oil prices and perhaps that is reasonable. European economic data showed a series of disappointing hard economic data for January although economic sentiment in both the eurozone and the U.K. remains very strong</li><li>Reuters reported today that France's Alain Juppe has backed Francois Fillon to be the Republican candidate in the presidential election</li><li><strong>New Issuance:</strong><ul><li>Italy sold EUR6.5 bln of 12-month BOTs at an average yield of -0.226% with a bid-to-cover of 1.58</li></ul></li><li><strong>European Economic Data:</strong><ul><li>Germany's trade surplus unexpectedly widened in January to EUR18.5 bln from EUR18.3 bln in December<br/> <ul><li>Exports grew by 2.7% m/m (-2.8% prior) while imports rose by 3.0% m/m (+0.1% prior)</li></ul></li><li>French industrial production fell by 0.3% m/m in January, missing forecasts after a 1.1% slide in December</li><li>In Spain, retail sales edged higher by 0.1% y/y in January, slowing sharply from 2.1% growth in December</li><li>Italy's quarterly unemployment rate unexpectedly jumped to 11.9% from 11.6%</li><li>In the U.K., manufacturing production declined by 0.9% m/m in January (+2.7% y/y), missing estimates after a 2.2% bounce in December<br/> <ul><li>Industrial production, which adds in mining and utility output, fell 0.4% m/m in January (+3.2% y/y), matching expectations and reversing December's 0.9% gain</li></ul></li><li>The U.K.'s trade deficit unexpectedly narrowed to GBP10.83 bln in January from GBP10.91 bln in December<br/> <ul><li>The non-EU trade deficit narrowed more than expected to GBP2.45 bln from GBP2.53 bln </li></ul></li></ul></li><li><strong>Yield Check:</strong><ul><li>France, 10-yr OAT: unch at 1.09%</li><li>Germany, 10-yr bund: +3 bps to 0.46%</li><li>Greece, 10-yr note: -1 bp to 7.10%</li><li>Italy, 10-yr BTP: unch at 2.31%</li><li>Portugal, 10-yr PGB: unch at 3.99% </li><li>Spain, 10-yr ODE: +1 bp to 1.82%</li><li>U.K., 10-yr gilt: +1 bp to 1.16%</li></ul></li></ul>"