Funny that Greece is rallying but Spain is flat despite the strength of the tape overnight in Europe. Hearing about funding problems with some Spanish banks. This will matter again. Keep it on your radar.
1 comment:
Anonymous
said...
Spain had a 10% rally last thursday and friday after a "great" bond auction. After a little relief, the 10-year bond is at new highs, worse than before that auction. Also, Moody's still rates Spain AAA, and a downgrade is imminent.
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1 comment:
Spain had a 10% rally last thursday and friday after a "great" bond auction. After a little relief, the 10-year bond is at new highs, worse than before that auction. Also, Moody's still rates Spain AAA, and a downgrade is imminent.
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