• Italian 5 year credit default swaps 176 bps, up 15 bps on day
  • Portuguese 5 year credit default swaps 660 bps, up 23 bps on day
  • Spain 5 year credit default swaps 277 bps, up 16 bps on day
  • Irish 5 year credit default swpas 665 bps, up 23 bps on day

EUR/USD sits 1.3998, hedge fund selling seen into latest little bounce.