Spanish Bonds Are Having A Gigantic Day

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		Home Tech/Media Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Wednesday, October 17, 2012 Spanish Bonds Are Having A Gigantic Day Spain is having a monster day after Moody's concluded its October review of the country without downgrading its government debt – and bond yields are still heading lower well into the afternoon there. Below is the intraday move in Spain's 2-year government bond yields, which we like to call "the most important chart in Europe." Markets were nervous that a Moody's downgrade could happen after S&P last week gave Spain a downgrade of its own. Moody's currently has Spain rated just one notch above junk, so the fact that the decision not to downgrade Spain is significant. The Spanish IBEX stock index is also leading gains in Europe into the close, trading up 1.7 percent. Europe has another big crisis, and it's even more dangerous than the sovereign debt one > Read » Also On Money Game Today: STOCKS GO NOWHERE, IBM TANKS: Here's What You Need To Know A Railroad Executive Tells Us The Biggest Black Cloud Hanging Over The US Economy Advertisement CHART OF THE DAY: We Just Got An Extremely Bullish Signal For The US Housing Market CHART OF THE DAY: Fiscal 'Brinksmanship' Will Send Stocks Right Off The Cliff CHART OF THE DAY: This Is The Most Powerful Chart We've Seen Yet That Shows The Market Is Afraid Of Mitt Romney Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn 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

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