: There are signs of lingering optimism that a deal is still achievable and that contagion risks from Greece can be managed, according to Bloomberg. Those are reflected in Italian 10-year bonds. Investors in euro-region bonds are now focusing on an emergency summit of government leaders to be held in Brussels on June 22. They increased in all but one day this week, curbing the weekly gain in yield to less than 0.1 percentage point. We are seeing a bit of a correction of spreads versus bunds but the widening trend that started mid-March is still intact, said Marius Daheim, a senior rates strategist at SEB AB in Frankfurt. Germany 10-year securities, perceived to be the region safest, rose even before data that are forecast to add to evidence of an economic recovery in the region, with the debt also supported by a lack of new supply.
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