Contagion is ragin’ once once again, driving yields on Spanish debts to levels not seen since Ireland was on the brink late last fall.
We’re now at a 2.75 bp spread over comparable ten-year German bunds. 2.89% was the high reached on November 30 of last year. Jitters are very high again, a negative for the euro.
Traders report some buying from “good names” on this latest dip into the 1.4150s. I assume that means sovereigns…
