Spanish 10 year govt bond yield up +10 bps at 5.77%

You knew they were going to be higher after the Die Welt ECB/Spanish bank collateral story. Thought they might have been even a little higher.

And boy weren’t those Spanish unemployment figures grim

:(

EUR/USD has extended sell-off to 1.2780 at writing.

Reports of buy orders clustered down at 1.2750/60.

Best in 2026

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