European risk barometers still high
Spanish bond spreads shot higher on Friday, to 100 basis points over German bunds in the 10-year maturity on Friday. We are holding those higher levels so far Monday with debt jitters still very high.
EUR/USD rebounds are limited as a result. It remains under pressure as the US gets underway, trying to shake off its post-Super Bowl stupor. Central banks continue to buy dips, but they’ve been buying dips for the last seven cents, without too much success. We trade now at 1.3650.


AUTOREFRESH 













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