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  • Politicians drive bank union but markets focus on Spain

    From telegraph.co.uk

    Read Full Story at telegraph.co.uk

    Spanish borrowing costs rose above 6pc again as a continued stand-off between Madrid and Brussels fuelled fears that the European Central Bank’s bond buying programme pledge is not enough to stabilise the eurozone. The yield on Spain’s benchmark 10-year bonds were pulled back just below 6pc at the close, but their steady rise all day reflected bets by traders that Madrid’s determination to resist a bail-out will cause more volatility. Some argued that optimism that followed the unveiling of the so-called “Draghi Plan” to buy bonds was already wearing off. John Wraith, a fixed-income strategist at Bank ... (full story)

    • Loadedgun

        3,011 posts
    • Regardless, my views are that fundamentals is a zero predictor of price. In addition, I am taking out all long positions held as my regression tool indicates that there is just a 1% chance of further upside on the EUR daily chart. Best of the trades to all.

    • Guest

      IP XXX.XX.205.218
    • Spain is Greece... only bigger and worse

    • Guest

      IP XXX.XX.95.239
    • where is Draghi? he can always come out and give speech to save eurozone..

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