The EU periphery is back in the news with the opposition Socialist party calling for PM Rajoy to...

|By:, SA News Editor

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%.