Nov 15

Spanish and Italian 10yr Bonds getting worriesome again

Just a quick note to say that Italian 10yr bond yields are heading towards 7% again and Spanish 10yr bond yields are consolidating above 6%. These two sovereigns are waway too big to be saved and I really do believe the European situation is heading towards catastrophe…I don’t see an appropriate solution coming soon. The Euro experiment is heading towards its demise but it might be many more months of economic and market pain and volatility.

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