Catalonia Bonds Collapse As Police Warn Of Chaos If Referendum Canceled

While the Catalan people prepare to decide whether to break with Spain, the bond market appears to have already made its mind up as Catalonia bonds decouple from Spanish sovereign yields. Catalonia Bonds expiring next year have seen yields spike over 2% - the highest in over a year - and more than 230bps higher than the equivalent Spanish sovereign bond yields...