US equities open weak down 0.4%. Spanish sovereign debt continues to slide, up 12 bp in yield to 5.94%, approaching the 6% panic-point.
Small bids are eyed at 1.3100 while 1.3100 and 1.3105 options expiries at 14:00 may provide the market with some demand if we dip much lower than those level. Note that the 1.3102 level is the 61.8% retracement level of the recent 1.3034/1.3213 rally.
