Euro zone 社債 産する／生じるs 落ちる as markets 会社／堅い up 率 削減（する） bets
By Harry Robertson and Samuel Indyk
LONDON, Dec 1 (Reuters) - Euro zone 社債 prices rose on Friday, a day after clocking their best month in more than a year, as soft U.S. data and comments from 連邦の Reserve 議長，司会を務める Jerome Powell supported the 見解（をとる） that 率 削減（する）s could come as 早期に as the first ４半期/4分の1 next year.
Powell said the 危険s of under- and over-強化するing have become more balanced, although he 繰り返し言うd that it was still too 早期に to 宣言する the Fed's インフレーション fight finished. He also said it would be premature to 推測する on when 政策 might 緩和する.
一方／合間, U.S. 製造業の activity remained subdued in November, によれば the 学校／設ける for 供給（する） 管理／経営. Its 購入（する）ing 経営者／支配人s' 索引 was 不変の at 46.7, below 期待s for a rise to 47.6 and below the 50 threshold that separates 拡大 from 収縮過程.
Germany's 10-year 社債 産する／生じる was 負かす／撃墜する 8 basis points (bps) at 2.369%, after rising 6 bps on Thursday. The 産する／生じる, which moves inversely to the price, fell by 36 bps in November in its biggest 月毎の 減少（する） since July 2022, 反映するing a 劇の 決起大会／結集させる in prices.
Italy's 10-year 産する／生じる was 負かす／撃墜する 11.5 bps at 4.113%, after dropping by 49 bps in November.
"It's just a 延長／続編 of the very, very strong 傾向 of this week," said Piet Haines Christiansen, 直す／買収する，八百長をするd income strategist at Danske Bank. "What has been 支配するing this past week is 肉親，親類d of a 恐れる of 行方不明の out."
Powell's Fed 同僚 Christopher Waller gave November's 社債 決起大会／結集させる new 脚s earlier this week when he 示唆するd that 利益／興味 率s could 落ちる in the coming months as インフレーション 冷静な／正味のs.
Markets are now pricing in 井戸／弁護士席 over 100 bps each of 率 削減（する）s from the Fed and European C entral Bank next year but many central 銀行業者s, 特に in the euro zone, are 押し進めるing 支援する against those bets.
商売／仕事 調査する data on Friday showed that the 下降 in euro zone 製造業の continued in November, albeit at a わずかに slower pace. Italy's factory 部門 fared worse than 推定する／予想するd, however, 契約ing at the fastest 率 since June.
仲買人s on Thursday moved to fully price in 25 bps of 率 削減（する）s from the ECB by April, after a 減産／沈滞 in インフレーション and growth data across the 圏. By Friday, 仲買人s saw a 概略で 75% chance of the first 削減（する） coming by March, によれば money market pricing.
Germany's 2-year 社債 産する／生じる, which is 極度の慎重さを要する to ECB 率 期待s, was last 負かす／撃墜する 14.5 bps at 2.671%, at its lowest since May.
Euro zone 社債 投資家s will 支払う／賃金 の近くに attention to ratings 機関 Fitch's 査定／評価 of Greece on Friday, 予定 after the market の近くにs.
Strategists at UniCredit said they think Fitch is likely to 昇格 Greece's 君主 credit 率ing 支援する to 投資 grade, に引き続いて S&P's 昇格 in October.
"This would 許す Greek 政府 社債s to be 含むd in most 投資-grade 社債 indices and thus attract 安定した 需要・要求する from a bigger pool of 全世界の 投資家s," they said on Friday.
Greece's 10-year 社債 産する／生じる was 負かす／撃墜する 3.5 bps at 3.61% on Friday. The spread of Greek 産する／生じるs over the German （判断の）基準 was at 113 bps, not far off the five-month low of 108 bps touched in late November.
The gap between Italy and Germany's 10-year 社債 産する／生じるs 狭くするd to 172 bps. The 産する／生じる spread, a 計器 of 投資家 信用／信任 in the euro zone's more-indebted countries, fell to a two-month low of 170 bps in November.
(報告（する）／憶測ing by Harry Robertson, 付加 報告（する）／憶測ing by Samuel Indyk; Ed iting by Kim Coghill, Sharon Singleton and Andrea Ricci)
