After we’ve seen that Trichet’s bond buying was rather limited, bond yields are on the rise again. Spanish ten year notes now have a yield of 5.26%, rising from 5.15%. On Friday they were under 5%.
There is high tension towards the Irish budget vote due later in the day. The budget is expected to pass, and this will probably send yields down and the Euro up. But nothing is certain.
In forex online trade, EUR/USD is now at 1.3366, between 1.3334 and 1.3440, which is a strong line of resistance. See a full outlook and technical analysis of the common currency in the EUR to USD analysis.
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