larus
Well-known member
Forget Greece, the fun's really starting with Italy now. 10 year bonds currently yielding 6.67%. UK 2.26, Germany 1.78, US 1.97, France 3.09, Ireland 8.25.
This is much higher than the level at which the ECB started intervening to support (buy) Italian bonds. They need to sell about Euro 300bln next year (in new debt and rollover of maturing debt).
This feels very much like it's getting to the end-game. No matter what the politicians do, they're only tinkering at the edges and always playing catch-up.
Next 2 months should be very interesting (if you take an interest in this type of things that is....).
This is much higher than the level at which the ECB started intervening to support (buy) Italian bonds. They need to sell about Euro 300bln next year (in new debt and rollover of maturing debt).
This feels very much like it's getting to the end-game. No matter what the politicians do, they're only tinkering at the edges and always playing catch-up.
Next 2 months should be very interesting (if you take an interest in this type of things that is....).