Peripheral bond yields are well-behaved today following big jumps on Monday and Tuesday. Italian...


Peripheral bond yields are well-behaved today following big jumps on Monday and Tuesday. Italian 10-years are flat at 6.17%, Spanish 10-years up a basis point to 6.72%. Buy Spain (EWP), sell Italy (EWI) continues to work, shares in Madrid +1.3% vs. Milan -0.4%.
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