Spanish debt is flying in price, falling in yield today. That’s usually bullish ofr EUR/USD, but it has not been the case today.
Spanish 2 year bonds are 32.5 bp lower in yield on the day, at 3.18%. 10-year paper yields 6.69%, down 20 bp.
Looks like Mr. Market expects Draghi to announce a fully former bond-buying program come Thursday…
