Loading ...One day after an unprecedented, record crash in Italian 2Y bonds and a rout across the entire bond curve as well as Italian stocks, which proceeded to spill out and impact other European banks and “contage” the Euro amid a growing political crisis in Rome, Italian bonds rebounded in early European trading as the panic liquidation was put on hold for now, sending 2Y Italian yields as low as 1.925% after hitting a 5 year high of 2.84% on Tuesday.
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readers comment=
Glad all that “panic” has passed. It took what, less than 24 hours.
Now back to our regularly scheduled programing!
“Step right up folks, cheap debt, low taxes, management fees, dividend recaps, rising leverage…There’s no end to the good times!”
Carlyle Group co-founder David Rubenstein
Carlyle Group co-founder David Rubenstein
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Who, outside central banks, buys (with printed money cough) sovereign debt? I just don’t get it…
One thing I do get is this: All the govt,credit card, home, healthcare, car and student debt that has been bundled, tranched and ‘sold’ will one day blow up. Until then, let’s pretend that credit line increases work.
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WOW…another crisis resolved in 24 hours….until the next time.,..??
Mario has the quickest printing press in town!
Where did I put that DOW 30k hat?