And... Spanish 10 Year At Record 7.12%, S&P Futures Down And EURUSD Down

Below is a market recap where we find that, yes, as we expected yesterday, the half-life of yesterday's Greek election euphoria is shorter than even that of the Spanish bailout.

  • S&P500 Futures down
  • EURUSD down 0.1%
  • Spanish 10Yr yield up 24bps to 7.12%
  • Italian 10Yr yield up 12bps to 6.05%
  • German 10Yr yield little changed to 1.44%
  • Bund future up 0.08% to 142.4
  • BTP future down 0.75% to 98.44
  • Sterling spot down 0.16% to $1.569
  • 1Yr euro cross currency basis swap up 1bps to -52bps
  • Stoxx 600 up 0.07% to 244.38

Hopefully this is not a surprise to Zero Hedge readers, who were warned on Friday, that courtesy of the idiotic desperation press leak, we shifted to a risk/reward momentum to a Tsipras victory being the only positive Risk On catalyst as it would activate a global central bank intervention. Looks like that is now off the table.

So... now what?