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Italian 10-year bond yields are now -71 bps to below 6%, with markets apparently buying into the...

Italian 10-year bond yields are now -71 bps to below 6%, with markets apparently buying into the government's austerity package and believing that Merkozy can save the eurozone. It's a remarkable fall from 7.365% less than two weeks ago. Spanish yields are -58 bps at 5.1%. Meanwhile, stocks are higher across both sides of pond.
Comments (2)
  • mogando
    , contributor
    Comments (313) | Send Message
     
    another example where cooler heads trump the easy way out (aka unlimited printing.... i mean... easing)

     

    everyone hates austerity, but growth must come from the private sector organically creating jobs and GDP, not from wasteful government spending
    5 Dec 2011, 11:17 AM Reply Like
  • Machiavelli999
    , contributor
    Comments (829) | Send Message
     
    There is going to be cost either way. Better slightly higher inflation then the collapse of Western civilization and the onset of the new Dark Ages.
    5 Dec 2011, 12:53 PM Reply Like
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