Spanish govt bond yields lower after Rajoy outlines austerity measures

But not by a huge amount.

10 year bond yielding 6.71%.

EUR/USD meanwhile seeing fantastically active trade………….nah not really, just shittin ya

;)

We’re at 1.2268, about 13 pips firmer from when I arrived. Guess the lower Spanish yields will be providing some tenuous support.

Best in 2026

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