The EU periphery is back in the news with the opposition Socialist party calling for PM Rajoy to...
The EU periphery is back in the news with the opposition Socialist party calling for PM Rajoy to resign amidst a widening corruption scandal. The IBEX 35 is down 1.6%, and off nearly 8% in the past few days. "The dynamics in Spain are devastating," says Commerzbank's Michael Leister, recommending selling Spanish debt. Spanish 10-year note yields +10 bps to 5.31%.
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