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After surging recently, and despite today's more expensive Italian bond auction and woeful...

After surging recently, and despite today's more expensive Italian bond auction and woeful Spanish industrial output data, yields on 10-year Italian and Spanish debt take a dive. That latter is -14 bps at 5.84% and Italian yields are -18 bp at 5.51%. German yields, which had been falling, are +15 bps at 1.79%.
Comments (2)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    What Central Bank is buying them..??????
    11 Apr 2012, 07:06 AM Reply Like
  • TheSlog
    , contributor
    Comments (11) | Send Message
     
    Wouldn't be surprised if this isn't Supermario ploughing in with some disguised ECB cash.
    As fast as the 'real' people try and repair the damage, the madmen in Brussels try to make things worse. Last week they quietly slipped thro new legislation as the prelude to EU expansion into Turkey (about to tank) and the Arab Spring states (about to burst into flames again).
    There's a piece about it at UK site The Slog if anyone's interested.
    11 Apr 2012, 07:07 AM Reply Like
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