DAX is down over 5%
FTSE MIB down 1100.
Greece 2 year @ 84:
But this isn't the news...no the news is now ITALY. The crisis is QUICKLY spreading there and then its GAME OVER:
Italy 2-year up over 8% today and rising...
(ITALY 2-YR BOND YIELD SPREAD VS GERMANY HITS NEW EURO LIFETIME HIGH ABOVE 500 BPS)
Italian 10 Year Bond Price Almost An 8 Handle
Stunned horror, even from the ECB which is not even pretending to be able to put a floor under Europe's fulcrum security - the Italian 10 year. Popcorn not optional. If this thing hits 8X, cue panic.
http://www.bloomberg.com/apps/quote?ticker=GBTPGR2:IND
FTSE MIB down 1100.
Greece 2 year @ 84:
But this isn't the news...no the news is now ITALY. The crisis is QUICKLY spreading there and then its GAME OVER:
Italy 2-year up over 8% today and rising...
(ITALY 2-YR BOND YIELD SPREAD VS GERMANY HITS NEW EURO LIFETIME HIGH ABOVE 500 BPS)
Italian 10 Year Bond Price Almost An 8 Handle
Stunned horror, even from the ECB which is not even pretending to be able to put a floor under Europe's fulcrum security - the Italian 10 year. Popcorn not optional. If this thing hits 8X, cue panic.
http://www.bloomberg.com/apps/quote?ticker=GBTPGR2:IND
