Confusion over Spanish bailout seniority and evidence of slowing in US and China

Note: Before I begin today's summary, I should note that my schedule will be very spotty over the next three weeks as I am on a working vacation. That means I will not be at work but I will be posting to the blog from time to time. I also have a few weekly themes I want to get out.

Two topics today: Spain and global economic growth.

On Spain, yields for Spanish bonds are well over 7% now. Spanish 10-year government bonds are now just off a record high of 7.284% from earlier today after ope...


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