Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Meanwhile, In Spain…

Courtesy of ZeroHedge. View original post here.

With Italian assets seeing some modest relief today, attention has drifted across the border to Spain where 2Y bond yields have burst back above 0.00% (it does read a tad anti-climatic) amid uncertainty surrounding a looming Friday confidence vote on PM Rajoy's government.

While the market has already begun to price in this uncertainty – seeing a significant chance that Rajoy will be defeated – Bloomberg, citing unknown sources, reports the same predictions

  • BASQUE NATIONALISTS ARE SAID TO BE READY TO BACK RAJOY'S OUSTER
  • CATALAN SEPARATISTS SEEN HIGHLY LIKELY TO VOTE AGAINST RAJOY
  • SPANISH OPPOSITION SEEN CLOSE TO SECURING VOTES TO TOPPLE RAJOY

And 10Y Spanish yields are notably underperforming Italy today…

If Rajoy loses, as now appears almost certain, he will be replaced while Socialist leader Pedro Sánchez has promised to call fresh elections "in a few months" leading to even more political instability.

And while it is likely that PSOE will need the support of many other parties, the market once again has not only Italy to worry about, but also potential instability in Spain, where snap elections now seem unavoidable, and will come 2 years ahead of their scheduled time in July 2020.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!