(Bloomberg) -- A large amount of bonds coming due in France, Spain and Italy in the next two weeks may be enough to disrupt any sell-off in the market if the European Central Bank announces plans to cut asset purchases more than expected at its meeting on Oct. 26. Those redemptions are likely to be partly reinvested, making it more difficult to short the market, said Mizuho International Plc rates strategist Peter Chatwell. “If there is an adverse reaction to the ECB meeting, we would expect it is difficult to sustain,” he said.
To contact the reporter on this story: John Ainger in London at jainger@bloomberg.net.
To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net, Neil Chatterjee, Keith Jenkins
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