News Headline Summary

EUR under-pressure in early trade, with bond yield spreads wider, as market participants react to the latest reports that the EU believes that Spain's GDP will contract more than govt forecasts

Update details:

- In the short-end of the curve, SP/GE 2s wider by 4bps, with FR/GE also wider by 3bps. EUR/GBP continues to consolidate below the 0.8000 level, with the major EUR/USD down 22pips and bids seen at 1.2750.

Print 07:23, 06 Nov 2012 - Market Analysis - Source: RANsquawk