I think they’re getting the message, well sorta.
Periphery/German 10 year govt bond yield spreads have continued to narrow this morning
Presently:
- Portuguese/German 421 bps
- Irish/German 638 bps
- Italian/German 148 bps
- Greek/German 923 bps
EUR/USD back up to where we started, presently at 1.3945.
