Italian debt auction update, 2.5bn Euros of 5 year debt sold at 5.84% and 2.923bn Euros of 10 year at 6.19%, highest such yields in 6 months. Risk off remains in play with Euro breaking the 1.245 level, trading towards 1.24 and European Equities trading lower again. Next key datapoint being US Q1 GDP at 1.30pm BST (consensus 1.9%).

 

 

Posted by Philip Ball | Sales and Trading