It’s been a little while since we’ve talked about it, but the Spanish 2-Year bond yield (what we’ve dubbed the most important chart in Europe) has been on a nice run lately, coming close to its lows of the year.
As you can see here, it’s had a good week.
Here’s a longer term.
Meanwhile, the Italian 10-year, another closely watched number, has seen its yield fall to its lowest levels since Summer.
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