We get the last look at Q3 GDP this morning. Economists expect an upward revision to 2.8% given improved trade data, retail sales and inventories…
EUR/USD continues to have a tough time holding gains despite talk of China readying to buy EUR 4-5 bln in Portuguese sovereign debt.
The Chinese news has tightened Spanish 10-year spreads a touch. They trade at 258 bp this morning over bunds from 262 bp late yesterday in Europe.
We’re now at 1.3125… bids remain in the 1.3070/80 area on dips with sellers at 1.3180/00.
