The duration of the European bailout was 48 hours give or take. And now reality is back in the form of the following headlines:
Italian 10 Year BTP Yield surges to all time high 6.153% before ECB intervention takes it back to ... 6.122%
Expressed in price, they have dropped to a record 90.697
Italian-German 10 year yield passes 400 bps
Italy CDS soar 22 bps to 427 bps
Italy 5 Year yields bonds join drop, yield rises to over record 5.91%
See a trend? The one thing Europe was trying to
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