RefBan

Referral Banners

Yashi

Monday, December 5, 2011

Something Has Really Shifted In Europe This Time


View this email online | Add newsletter@businessinsider.com to your address book
Money Game Share this Email
Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest

Monday, December 5, 2011
Find Us on Facebook Follow US on Twitter


Something Has Really Shifted In Europe This Time

It's tempting and easy to just say that whatever European leaders are cooking up right now is bound to fail, like every other past attempt at ending the crisis.

But here's a noteworthy market fact: Italian yields are collapsing today. Whereas a few days ago, the Italian 10-year bond was yielding 7.3%, today, that has fallen to less than 6%. And nobody is challenging it either... it's been improving all day.

What's going on? It's not just that Italy announced austerity measures yesterday -- since that's really nothing new -- it's that the market anticipates that after a fiscal compact is reached, the ECB will step in and backstop the whole thing, and that's a gamechanger.

Remember, even after the ballyhooed October 26 deal, Italian yields didn't even end lower on the day, which was an immediate sign of how little confidence the market has in the agreement.

Here's the intra-day look at Italian 10-year yields.

Read »


Also On Money Game Today:
Advertisement

chart of the day, job losses in post world war II recessions, dec. 2 2011

CHART OF THE DAY: THE SCARIEST JOBS CHART EVER
chart of the day, total global debt to debt/gdp, dec 1 2011

CHART OF THE DAY: KYLE BASS: This Is What The End Of The Global Debt Super-Cycle Looks Like
CHART OF THE DAY: BRICs = Bloody Ridiculous Investment Concepts

CHART OF THE DAY: BRICs = Bloody Ridiculous Investment Concepts
Share this: Facebook Facebook Twitter Twitter Digg Digg Reddit Reddit StumbleUpon StumbleUpon LinkedIn LinkedIn
Follow us on Facebook Follow us on Twitter
The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com

Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed

Business Insider. 257 Park Avenue South, New York, NY 10010

Terms of Service | Privacy Policy


If you believe this has been sent to you in error, please safely unsubscribe.

No comments:

Yashi

Chitika