FXstreet.com (Barcelona) - Dmytro Bondar, analyst at RBS, writes today
about Spain 10yr: "(it) Has broken 7.00% and sold off through 7.21%
opening new long-term targets at 7.47%, 7.87% and 8.29%."
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"The latter is the 50% retracement from the 1995-1999 major rally, which should provide a decent support. In the short term, there is a good chance of a temporary relief to 6.30-6.50% due to a cyclicality in Spanish yields." He forecasts.
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"The latter is the 50% retracement from the 1995-1999 major rally, which should provide a decent support. In the short term, there is a good chance of a temporary relief to 6.30-6.50% due to a cyclicality in Spanish yields." He forecasts.
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