Submitted by Tyler Durden on 04/16/2012 - 11:31 Bond European Central Bank
Anyone who bought the 10 year Spanish bond this year is now down money. It does have a 5.85% coupon, so if you bought the prior lows on Jan. 6th, you have earned 1.6% of carry. Anyone else has lost more and not earned as much interest. This bond is bouncing up and down today on no volume, but we think we are very close to levels that could see a mass exodus of stop loss trading on levered positions.
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http://www.zerohedge.com/news/anyone-who-bought-10y-spanish-bonds-year-now-underwater
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