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What happens when the lender of last resort has had enough? Finance Minister Wolfgang Schaeuble was quoted on Saturday ruling out a higher German contribution to the euro zone’s rescue fund beyond the 211 billion euros approved by parliament last week. In an interview with the Super-Illu newspaper published on Saturday, Schaeuble said Germany would […]
While America was waking up to a Labor Day of BBQ and outdoor beer drinking, Italian and Spanish bonds were collapsing versus German bunds. I would have sipped beer all day without a clue, were it not for our intrepid Euro bond expert Dr. Evil, who was kind enough to drop this jaw-dropping chart in […]
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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