The Hand-off

Rondaldinho, the modern master of the head fake may now be gone from the ranks of European football (his best days long behind him), but those other practicants of that art, the traders in Spanish debt, have no intention of being so easily ushered off the stage.

From Bloomberg, today's Spain 10-year. This, of course, following last week's one morning 10 bps drop in the yield to 5.27 percent - followed by an immediate 40 point rise to the 60's over four days.

The sinister glance leading to the surprise transfer of ownership of the ball, by the way, is courtesy of the noise making classes. In regard of the notching up of the racket prior to the scene depicted above, the reader might look at this NewsNow search for 'euro debt'.

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