Key Data Points
German 10-year bund 4 bps lower;
Italy 10-year 11 bps tighter to the Bund;
Spain 10  bps wider;
Portugal 96 tighter;
Greece 92 bps tighter;
Large Eurozone banks continue their ramp;
Euro$ down 0.60 percent;

Comment
Relatively boring week as Euros out on holiday and at the Olympics.  The big moves over the past few weeks have been in Spanish and Italian 2-year yields.  The shorts fear that is where the liquidity breathing Draghi will show up.

(click here if charts are not observable)