A Look At The Key European Auctions, Pardon Global Events, In The Coming Week

Goldman's one stop summary of the past week and the week that comes.
The Week in Review
The past few days have been notable for the Euro zone crisis, which so far has engulfed mainly periphery countries, spreading to Germany – the core of the core – where a weak bond auction sent 10-year Bund yields 30 bps higher on the week (Figure 1). That said, the periphery also suffered, with Italian and Spanish 10-year yields closing the week at 7.3% and 6.7%, respectively. The sell-off there

Read more ...