Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
  • CautiousInvestor
    Italian ten year yields are right around 7.12%, slightly below overnight highs of 7.16%. Anything above 7% is unsustainable.
    1/10/12
    Reply (7)
    • Native Texan: EUR/USD went flat, buying came in to support it... currently at $1.2771, par is @ $1.2764
      1/10/12
    • humahuaca: 7% or even 8% is sustainable for a year or two, it doesn't mean an instant default. But clearly a bad sign
      1/10/12
    • CautiousInvestor: I geuss it will boil down to the back door activites of the ECB, secondary market purchases and/or lending to Italian banks.
      1/10/12
    • Ocean Man: Over 7% was thought to trigger a margin raise, which would have a domino effect.
      1/10/12
    • humahuaca: we've been at this level for months now, and nothing so far
      1/10/12
    • Ocean Man: Right, because it was temporary - went back under 7. But Friday's auction could make it permanent.
      1/10/12
    • humahuaca: I just don't think it's that critical OM. But I'm still bearish overall. Greece is going to hard default imo
      1/11/12