looks like those sneaky bond traders are now driving up the Spanish 10yr yields to just below 6%, interesting to note that Spanish/Italian 10yr yields are now converging to just either side of 6%, not disasterous yet, but neither country can sustain yields at 6%+ for extended periods.
looks like we are heading for a quiet/slightly negative start to US trading tonight, a lot can change although with the upcoming Italian 10yr bond auction.
was a disapointing trading day today, looks like that 4350ish level on the XJO is proving stubborn to clear, best case scenario is we consolidate for a couple of weeks without the extreme volatility then push higher into the end of year.
