Spain's 10-year bond yield rises to 6.07%, the highest since December 1.

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untrusting investor Comments (9879)
 
Not a good sign for markets. Looks like the ECB did not step in this time.
16 Apr 2012, 03:22 AM Reply Like

schatzl Comments (391)
 
ECB debt subordination means the more they step in and buy, the more they crowd out the private investor.
16 Apr 2012, 03:31 AM Reply Like

User 353732 Comments (3920)
 
Never in economic history have escalating torrents of bad money rescued bad public debt from defacto and often dejure default.

Bigger lies can and do obscure big lies but they do not make them vanish.
Economic and financial truth does prevail.
16 Apr 2012, 04:35 AM Reply Like

Brendan O'Boyle Comments (939)
 
Isnt Spain financed almost exclusively with short term debt? Why even bother with a 10 year?

Now when the yield curve inverts that's the time to start worrying. The truly scary moment last year was when Italy's yield curve inverted, that looks like imminent bankruptcy.
16 Apr 2012, 07:40 AM Reply Like

Garfield23 Comments (154)
 
this will in-turn create more risk for the auction....Spain is on course to create havok within the Euro and we all better prepare for massive losses...- there is nothing they can do about it and everyone is going to pay the piper!
16 Apr 2012, 10:46 AM Reply Like

realornot Comments (1273)
 
The whole contagion is back!

Spain & Italy are back in play.

France is next.

We are going to see very ugly days & weeks ahead!

Ron
16 Apr 2012, 12:11 PM Reply Like