Italy 10-Year Bond Yields Breaking Out, Up 20+ BPS in 2 Days

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Yields on Italy 10-year bonds are rocking and rolling once again today, up 12 bps as I type, over a 20 bps in the last two days! Source: Bloomberg Regardless of the rhetoric out of Brussels, the final arbiter of the sovereigns’ likeliness to make good on their obligations is the bond market.  And right […]

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The current headline on Google Finance is a Bloomberg story crowing about the S&P’s 86% (!) rally off the March 2009 lows.  The S&P has traded up 17 out of 22 trading days in December (Source: Elliott Wave International), and has rallied pretty much non-stop for 4 months now.  A rally which, fittingly, kicked off […]

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