Peripheral bond yield spreads are seen broadly wider


Albeit marginally, with the focus firmly on Portuguese bonds, as DBRS is said to discuss Portuguese politics in crucial rating review which might result in bonds being excluded from the ECB QE

 In order to qualify for quantitative easing (QE), the ECB demands that either Moody's, Standard & Poor's, Fitch or DBRS rate a country at investment grade, or that a country is compliant with a bailout.

- DBRS is the only one of the four to rank Portugal as investment grade, with a BBB (low) rating and a stable trend. A one-notch downgrade at its scheduled ratings review on Friday would send Portuguese debt into junk territory.