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Thursday, June 17, 2010
Another Rumour Mill
The Spain 10- and 30-year bond auction results should be out shortly. The rumour mill that markets are is voting 'success', or at least 'not failure'. The Ibex 35 showed a sudden jump at a very uncharacteristic time of day - 9:50 AM. Bloomberg reports an abrupt shrinking of the 10-year yield a few minutes later.
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2 Comments:
Charles, large drop in yield but only after it rose another 12 bp to 4,99% ... so @ current 4,77% still higher than it was two days ago...
B,
I wasn't remarking on the yield, really. It speaks for itself. Just that, in the absence of hard news, the leak was apparent before the official version came out.
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