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Nov 11

Increasingly looking bad for PIGS

Source: Bloomberg…from left to right…Ireland, Portugal, Greece, and Spain on the second row

I found the above charts from Calculated Risk and these sharply increasing yields for each of their bonds is suggesting that the Euro-Sovereign crisis is far from over. I can only imagine there will be significant pressure on the solvency of each of these countries banking systems and may result in bank runs such that the money ends up under the mattress here and there.

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