"The technocratic governments in Italy and Greece are not off to a smooth start judging from the action in the bond market. A quick glance at the 10-Year note in Italy shows the yield is up 25 basis points to 6.70% and the Spanish 10-year note is up 24 basis points, soaring through the 6% mark to 6.09%.
Meanwhile, Greek 1-year bonds are trading at a mere 250%. Any bets on when they exceed 300%?
German Chancellor Angela Merkel says Europe faces toughest hour since Second World War. What Merkel says is irrelevant so let's instead focus on a few other snips from the Telegraph article..."
at http://globaleconomicanalysis.blogspot.com/2011/11/bond-market-stares-down-technocrats-as.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
Meanwhile, Greek 1-year bonds are trading at a mere 250%. Any bets on when they exceed 300%?
German Chancellor Angela Merkel says Europe faces toughest hour since Second World War. What Merkel says is irrelevant so let's instead focus on a few other snips from the Telegraph article..."
at http://globaleconomicanalysis.blogspot.com/2011/11/bond-market-stares-down-technocrats-as.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
