Today we are hearing about political unrest in Spain and Italy causing an increase in10-year bond yields, Spain’s jumped 23 basis points, Italy went up 15 basis points, and Portugal’s yield jumped 26 basis points. German Finance Minister Wolfgang Schaeuble was quoted Feb. 1 saying “the euro crisis is not over, however we are in a much better position than a year ago.”
So will the euro have a sustained drop? That question could very well be answered on next week’s COT report. Have a prosperous week.
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