From Peter Tchir of TF Market Advisors
The Italian Yield Curve
With all eyes focused on Italy and the “success” of Italian bond auctions, I thought this chart might be useful.
Attention has been on the 10 year (was 7% again until earlier this morning) and how much cheaper the 2 year came than just a few months ago.
Clearly Italy has done some things to calm the markets. When 2’s and 10’s were inverted back in late November, the market was extremely nervous that Italy was headed
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