Sunday, November 21, 2010

EU (PIIGS) Bond Spreads

Bonds spreads continue to reach new highs per the chart below (courtesy of Calculated Risk and the Atlanta Fed)

Riots in Greece and Ireland and don't forget those "rumors" of Berlusconi having yet another affair with a 17 year old apparently moving up Italian CDS rates.  In the dash for trash the EUR v  USD perhaps it's time to start selling the EUR.


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