News Headline Summary

Risk averse sentiment continues to gather momentum, with markets digesting latest market talk of source comments suggesting that Spain is unlikely to seek ESM aid this year

- Spanish 10s yield back to highest level of the session at 5.715% and SP/GE 10s spread wider by 3bps.
- Spain due to conduct EUR 4.5bln debt sale today.
-EUR/USD prints fresh session low 1.2733, 2-month low.

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

08 Nov 2012 - 03:31 - - Source: RANsquawk

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