European equity prices are pushing up towards Friday's highs, as Spanish and Italian sovereign bonds mysteriously surge back to unchanged on the day - but European corporate and financial credit markets are notably wider. Financials, most notably, remain underperformers and significantly worse than Friday's worse levels - seemingly treating with disdain yet another false hope in equity markets.
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but notably Italian and Spanish yield-spreads have pulled back to unch but remain notably worse than Friday's best levels...
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Chart: Bloomberg