• Italian/German 10 year government bond yield spread widens to 103 bps from 94 bps in early trade
  • Spanish/German 10-year government bond yield spread widens to 99 bps in early trade

EUR/USD tripped stops through 1.3130 getting as low 1.3116 where it ran into expected option-related buying interest protecting 1.3100 barrier option interest. We’re presently back at 1.3130.