While absolute yields are back over 7% for 10Y Spain (and over 6% for Italy), the spread has retraced over 60% of the gains post 'believe' speech.
While absolute yields are back over 7% for 10Y Spain (and over 6% for Italy), the spread has retraced over 60% of the gains post 'believe' speech.
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/12082
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/07-2/20120802_spain7.png
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/07-2/20120802_spain71.png