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>Italian and Spanish Yields Touch One-Year Highs at 10-Year Maturity</strong></p><ul><li>Eurozone sovereign debt is trading a touch lower this morning as the defeat for anti-immigration candidate Geert Wilders in the Dutch election this week has not quite put to bed worries about the upcoming French election. Also weighing on eurozone bonds was ECB board member Ewald Nowotny's remark on Thursday that the ECB's deposit rate could be raised before the prime rate. The deposit rate's current level is -0.40% and that is helping to justify 2-year German schatz yields around -0.80%. Also playing a large role is the European Central Bank's EUR80 bln/month asset purchase program which is set to taper to EUR60 bln/month on April 1. The third factor driving sharply negative yields is the outside chance of a eurozone breakup were Marine Le Pen to win France's upcoming presidential election. If she withdrew France from the eurozone and the single currency bloc were to dissolve, German debt would likely be redenominated into a new (and much more expensive) German currency. Earlier in today's session, the 10-year Italian BTP and the 10-year Spanish ODE yields hit 52-week highs at 2.43% and 1.94%, respectively</li><li><strong>Economic Data:</strong><ul><li>The eurozone's trade balance swung to a deficit of EUR600 mln in January from a surplus of EUR28.1 bln in December<br/> <ul><li>Italy's trade balance also swung to a deficit of EUR570 mln in January from a surplus of EUR5.73 bln in December</li></ul></li><li>Eurozone construction output fell by 2.3% m/m in January (-6.2% y/y), led by weakness in Belgium, Spain, and Slovenia</li></ul></li><li><strong>Yield Check:</strong><ul><li>France, 10-yr OAT: +2 bps to 1.11%</li><li>Germany, 10-yr bund: unch at 0.45% </li><li>Greece, 10-yr note: +1 bp to 7.26%</li><li>Italy, 10-yr BTP: unch at 2.35%</li><li>Portugal, 10-yr PGB: unch at 3.99%</li><li>Spain, 10-yr ODE: -1 bp to 1.87%</li><li>U.K., 10-yr gilt: unch at 1.25%</li></ul></li></ul></td> </tr></table>"