Spain leads the way lower in Europe again, -1.7% as the finmin calls a Citi report suggesting...


Spain leads the way lower in Europe again, -1.7% as the finmin calls a Citi report suggesting the need for debt restructuring "completely out of place." It's a disturbing divergence as Spanish shares (EWP) have very much not participated in the big European 2012 stock rally.
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Comments (7)
  • wyostocks
    , contributor
    Comments (9115) | Send Message
     
    Me thinks finman doth protestith too much.
    28 Mar 2012, 10:44 AM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    2year Spanish bonds trade at 2.44%...
    28 Mar 2012, 10:57 AM Reply Like
  • Rolo
    , contributor
    Comments (143) | Send Message
     
    2 yr is LTRO protection
    28 Mar 2012, 12:08 PM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    Which is why the LTRO has been effective...2 year euro swap spread is 85 significantly off its highs...but still elevated (too high)
    28 Mar 2012, 12:53 PM Reply Like
  • David Urban
    , contributor
    Comments (1031) | Send Message
     
    Germany is ticked over the garbage the banks forked over as collateral and pushed through this change.

     

    http://bit.ly/HgFwuZ
    28 Mar 2012, 12:58 PM Reply Like
  • David Urban
    , contributor
    Comments (1031) | Send Message
     
    5 and 10 year Spanish bonds are the more relevant numbers.
    28 Mar 2012, 11:47 AM Reply Like
  • phdinsuntanning
    , contributor
    Comments (1349) | Send Message
     
    thinking about shorting the Deutsche Bund, looks like they will pay for the party...
    28 Mar 2012, 01:41 PM Reply Like
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