The present invention is directed to a spin valve sensor for use in a data storage
system, that is adapted to receive a sense current and produce a GMR effect in
response to applied magnetic fields. The spin valve sensor includes first and second
ferromagnetic free layers, a spacer layer positioned between the first and second
ferromagnetic free layers, and a biasing component. The first ferromagnetic free
layer has a magnetization (M1) in a first direction, when in a quiescent
(non-biased) state. The second ferromagnetic free layer has a magnetization (M2)
in a second direction that is anti-parallel to the first direction, when in a quiescent
(non biased) state.