Fixed Income: bonds broadly firmer, but BTPs bucking the trend

Core debt off best levels, but holding fairly comfortably above par heading into the pm session and a US data blast before Fed’s Mester wraps up this week’s roster of Central Bank speakers. However, Italian bonds are out of favour on February 14 following a marked recovery rally fuelled by almost record demand for 15 year paper and as officials fret about the adverse impact of China’s virus outbreak on a fragile domestic economy.