Spanish spreads over 10-yr bunds are bow at 251 bp versus 246 bp when last we checked an hour or so ago. (Isn’t China a big buyer of that stuff?) .
Portugal is steepening even more, out to 411 bp, 23 bp wider on the day.
EUR/USD is testing support in the 1.3055 as a result, eying stops and barriers at 1.3050.
