Austrian spreads over Bunds can narrow -debt head
VIENNA, Oct 2 (Reuters) - Austrian debt spreads also have room to narrow versus benchmark German Bunds, the head of the Austrian debt management agency told Reuters.
Spreads "are still above the long-term average and of course investors see this as an interesting chance for spreads to narrow," Martha Oberndorfer, who heads the Austrian Federal Financing Agency, said in a telephone interview on Tuesday.
That means spreads "absolutely" have the chance to decline, she added, noting much Austrian economic data was at least as good if not better than the German equivalent. She said Austria could place two-year debt at negative interest rates.
She said more than 85 percent of Austria's 2012 borrowing programme had been filled after Tuesday's auctions that raised 1.2 billion euros ($1.6 billion) by topping up 2019 and 2044 bonds.
($1 = 0.7749 euros)
(Reporting by Michael Shields; Editing by John Stonestreet)
Keywords: AUSTRIA DEBT/