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A look at the change in the Italian yield curve over the last 7 weeks shows just how dramatic...

A look at the change in the Italian yield curve over the last 7 weeks shows just how dramatic the ECB bazooka has been, writes Mike Riddell. Just because the bank's liquidity gusher doesn't solve any structural issues, doesn't mean it can be ignored (buy stocks, dummy). Bonds yields in the EU core, however, have a lot of room to go higher if economic/financial conditions settle down.
Comments (4)
  • Yea, the EKG monitor shows stabilization because the patient has been given drugs. Guess what? The patient's heart is still unable to function on it's own.
    24 Jan 2012, 03:22 PM Reply Like
  • Thatsa nicea yielda curva.
    24 Jan 2012, 03:25 PM Reply Like
  • As the economic news continues to project a dark future the equity markets continue on their giddy path upwards. There once was a time, not so long ago, when prolific printing of currency was considered a danger. Now? Apparently this is considered good news.
    24 Jan 2012, 06:14 PM Reply Like
  • Anyone calling this a success is not looking at Greek or Portugese yields.
    25 Jan 2012, 01:23 AM Reply Like
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