The lack of urgency after yesterday’s meeting of Eurozone finance ministers in the face of mounting concern over Spain and Italy was the trigger for a global sell off of risky assets. EU yields were under pressure with Spanish 10yr rising above 6.00% for the first time since the inception of the EUR while Italian 10yr jumped 45bp on the day. EURUSD continued in free fall hitting 1.3837 today... ...More...


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