Everything would be all right! How’d that work out? Not so hot… This really is the nightmare scenario for Italy. If yields stay up here for any length of time, the sizable Italian debt becomes unsustainable. ECB buying in recent … Continue reading
CC&G follows LCH’s lead.
Rose 0.1% in August.
S&P affirms Finland at AAA with a stable outlook, will continue to look down its nose at the rest of the euro area.
France’s 10-year spread over the German benchmark widened 17 bps today to +146. Reuters is reporting that the ECB is aggressively buying Italian bonds on the secondary market, particularly in the 2yr-10yr space.
Italy has a debt problem and needs to take steps to make itself more competitive Watching Italian developments with “great interest”.