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|User Info||Your Daily Spain Update. SAVED or not SAVED?; entered at 2012-07-26 08:41:56|
Registered: 2007-09-23 europe
So the drop is obviously linked to the Draghi speech, like the jump on the EUR and the spectacular euro stock market rally. Curiously, bond yields started to seriously tank in the wee hours of the morning here (8 am GMT) -- a few hours before Draghi spoke (11 something am). Did someone know something?|
Look at today's move in the 10 year yield of any of the PIIGS countries bonds, and superimpose the stock index of that same country, you'll see the 3-hour delayed reaction. Just sayin'...