Europe Debt Plan Runs Off Bond Vigilantes – For Now

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Reading headline after headline panning the latest Europe sovereign debt salvation plan from Germany and France, you might be tempted to think that yields were breaking out to new highs. If so, you’d be wrong.  For the time being, at least, the bond market appears to be relatively appeased. Since it’s likely that nobody really […]

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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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