I have been following BTP/Bund yield spread for a while. I thought maybe I should check Spain over Germany, so I did a quick check on Bono/Bund yield spread.
My first thoughts and reactions:
1. LOL, OMG! :-D Spanish 10y yield only 1,02 % higher above Bund??? And it is still trading at all time low???
2. Why not trade it right now? Short Bono / Long ...