A crunching down day to end the week in European stocks as we get the provisional closing numbers

  • FTSE -2.5%
  • Cac -2.9%
  • Dax -2.8%
  • Ibex -2.2%
  • FTSE Mib -2.7%

European bonds

  • Italy 2.05% flat
  • Spain 1.87% -1bp
  • Portugal 2.96% -1bp
  • Germany 0.624% -5bp
  • Greece 9.15% +6bp (had been up to 9.426%)

Getting nearly 10% pa for putting your money in a European, low inflation, ECB-OMT’d backed country has got to be a great investment hasn’t it?