Even with Euro risk sentiment remaining on the back foot, the Euro periphery bond deals are getting done, but at a price. Now that there are more sales coming down the pipe, more concessions will be expected. The market was not that impressed with Italy yesterday, however, she came and delivered. It’s her 2012 issues we should be more worried about. Already this morning, Spanish bond yields managed to hold steady before the country’s final debt sale of this year; while with no sign of the debt crisis easing, Bunds remained supported by investors seeking safer liquid assets ahead of year-end. Spain auctioned +EUR3.5b ... (full story)