So strong that it makes a new high for the trend on a day when Italian and Spanish share prices get blistered. Spanish yields are firmer as well, up 6 bp to 5.23%. Italian bonds fared even worse, up 15.5 bp in yield to 4.31%.
It’s not often EUR/USD rises against that sort of backdrop, so it shows you how strong the upward momentum is in this pair at the moment.
