Really? Well I wonder who is collapsing those bond spreads then. Someone earned a nice buck out of that rumour.
Not sure, but things have settled down a lot on the back of a reasonably good BOT auction and some promises out of Italy. Nobody has actually seen the ECB buying.
I suppose it's not really a bad thing they're calling for an end to Bunga Bunga in Italy with some resigny business. Of course the opposition but I think that his own party may be getting fed up too.
maybe if Obama and Congress were doing the bunga bunga the US would be better in shape. "the only time the country is safe when Congress is not in session."
Yes. Bless those rosy-coloured glasses US hedge funds after all! This looks a bit opportunistic while the issues still largely stand. The main issue being that instead of saying "OK we'll fix this" the party line is "Damn those dasterdly hedgefunds!". It's not really the sort of stuff crisis reversals are made of although the bank stocks are really loving it to bits right now.
Can anyone with a bloomie tell me what the (inverse) correlation between the equity markets and the IT-DE bond spread is now? A graph would be nice if it's not too much trouble