Morning Market Thougths July 11
Spanish 10yr sub 7%. FinMins agreed on an outline for Spain’s €100B bailout plan and Draghi hinted at more rate cuts. However, Germany’s Weidmann said bailout rules have been weakened; ESM injunction could pose a risk to markets; Schauble said EZ nations need to deal with their own problems and Euro-area in a very tense […]