Rally above 1.3200 proved fleeting and we’re presently back down at 1.3175. Russia notable seller in recent trade.
Elsewhere, Italian/German 10 year bond yield has widened out in early trade, presently 462 bps from the 447 I jotted down first thing.
Important technical support remains down at 1.3145.
Guess we can expect reports of ECB scooping up periphery bonds again today.
