GLOBAL & REGIONAL DAILY
September 4, 2019
Fixed income markets came under some pressure early today and the GBP’s recent downtrend came to a halt on hopes that the Brexit deadline on 31 October may be delayed. Meanwhile, BTPs extended recent gains as the positive outcome of yesterday’s online vote from the members of the Italian M5S, paved the way for the formation of a new government with the PD.
The Greek PM Kyriakos Mitsotakis met yesterday the Dutch PM Mark Rutte in Hague and discussed, among others, boosting the Greek economy and migration in the EU.
Bulgaria: Moody’s maintained the Baa2 rating for the country’s sovereign debt both in local and foreign currency and upgraded the outlook from stable to positive.
Serbia: The Ministry of Finance sold RSD7.8bn in 7y bonds yesterday with a 4.5% annual coupon and at an average yield of 3.40%.
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