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European Stocks Close At Highest Since 2000 as 10Y German Bund Yields Hit Record Low 17bps!
Greek stocks are now down 15% since Q€ started... German stocks are up 3.1% in that period. Europe's broad EuroStoxx 600 closed at its highest since 2000 as Greek government bond yields (and spreads) surged once again. The contagion to the rest of the Europe remains a problem with Spanish and Italian bond risk up 15-20bps since Q€ started.
Have and Have-Nots... in stocks...
and Greek contagion is spreading to the rest of the periphery...
German Bund yields collapse to new record low of 17bps as Greek 10Y hits post-crisis highs...
Charts: Bloomberg
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risk = 0.0
That's a 1700 Euro annual return on your Million Euro investment! And you only have to lock up your money for 10 years.
https://www.youtube.com/watch?feature=player_detailpage&v=Q4KzGKnuUuc
Insurance companies are falling apart over this. They cannot guarantee their payouts or struggle making payouts. Massive bailout will be required to keep them afloat. We're talking multiples of AIG potentially defaulting unless CBs and .gov step in and soon. That's the black swan of all black swans.
I was wondering about this the other day. People I know are reporting their house insurance going through the roof (boom boom) so they must be desperate for moar cash. I don't have insurance for anything so I don't really know about these things.
Insurance is a racket. Unless it's mandatory, never take it. Yes, that means house insurance as well. If everyone was to do this, Buffet and BRKA would implode the very next day.
Banzai!!
What could possibly go wrong here??!!!
Everything is wonderful!
the dax somehow always finishes off the lows on a daily basis now, that is of course when there is a low to finish off.
130 pts down, finishes down 10 or positive. seen this so many times with the dax this year.
FUNDERMENTALS!!!
yes it occurs almost every second day...see FTSE Eurofirst 300 index, almost every day around 14.40 GMT the surge after plunge starts....fuck them, I'm short this distorted market :-)
Wow! ! .17% for ten year "money". Where do I sign up don't worry this is perfectly normal. Nothing to see here.
Shouldn't that be
QE
€?
Well, we know why the USD$ fell yesterday.
A run into European markets to buy EU debt?
It's like watching a bad tenis game between 2 old farts.
Alles ist Awesome!