Italian and Greek government bonds – the riskier assets in the eurozone government bond market – strongly outperformed their peers on Monday, brushing aside waning risk appetite across global markets, Reuters reports.
The outperformance gave Greek 10-year bonds their best day since September.
This followed a Southern European debt sell-off in November, when investors sought to lock in stellar profits from these markets ahead of year-end, when volumes tend to drop.
Monday’s moves came as global equity markets were down marginally after Chinese export data highlighted the economic damage from the 17-month-long trade war with the United States and refocused attention on a crucial December 15 tariff deadline.
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