- Irish 5 year cds rise to 600 bps, up 6 bps on day
- Spanish 5 year cds rise to 270 bps, up 7 bps on day
EUR/USD has slipped back. Having reached session high of 1.3808 in wake of better than expected euro zone economic sentiment data, we’re back at 1.3770 at writing.
Guess we can say the hedge funds won that particular battle.
