The Spanish Bailout Disaster

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Monday, June 11, 2012 The Spanish Bailout Disaster Despite a strong start, European markets quickly soured to a proposed Spanish bank bailout, accelerating a mid-day sell-off. Investors are now concerned that aid provided by international bailout funds would subordinate current Spanish bondholders to European lending mechanisms, regardless of the fact that the funds are intended for the banks. This angst was readily apparent in yields on 10-year Spanish bonds, which serve as a good indicator for perceived long-term stability risk in the real world. They rose a full 29 basis points today to hit 6.51 percent. Check out Spanish-10 year bond yields today.  Read » Also On Money Game Today: Deutsche Bank's Top Strategist Is Waiting Until July To Call A Bottom In Stocks DEJA VU: Forget 1995 And 2011, The Stock Market Looks Exactly Like 2006 German Newspaper Handelsblatt Has A Brilliant Rebuttal To The Latest Classic Economist Cover Here Are Today's 6 Hottest Stocks Advertisement CHART OF THE DAY: Stock Market Bulls Are Thrilled To Hear There Will Be No Triple Crown Winner This Year CHART OF THE DAY: Initial Jobless Claims In Perspective Recap After The Bell With 'Money Game Chart Of The Day' 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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