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European Sovereigns Have Worst Week In 5 Years, Stocks Slump

Submitted by Tyler Durden on 04/17/2015 11:46 -0400

As Grexit contagion spreads so European peripheral bond risk has surged. Portuguese, Italian, and Spanish risk has increased by the most since May 2010. It appears that the hope of "containment" in Europe via Q€ purchases is overwhelmed by the outflows - this was extremely evident in German markets today that saw 'someone' selling both bonds & stocks as Grexit fears rose. European stocks were all battered - the worst week of the year - with Germany worst as European VIX soared 5 to 25.05 - its biggest jump in 4 months.

EU Sovs saw risk soar this week...

By way of example, Portuguese bond spreads rose 32% this week! the worst week in almost 5 years...

Germany saw what looked like capital outflows as bonds and stocks were dumped after Grexit fears rose...

With Germany the worst performing market this week in Europe...

And Europe's VIX had the 2nd biuggest weekly rise in 5 years...

Charts: Bloomberg

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Fri, 04/17/2015 - 11:54 | 6003154 ted41776

they will blame the greeks for collapsing a system that was engineered to collapse

Fri, 04/17/2015 - 23:00 | 6005475 chilli sauce

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Fri, 04/17/2015 - 12:00 | 6003174 williambanzai7

"We need a bigger QE hose"

Fri, 04/17/2015 - 12:02 | 6003181 KnuckleDragger-X

They are getting what they asked for so undoubtedly there will be parties everywhere. This is just the start though as the short bus hits ludicrous speed.....

Fri, 04/17/2015 - 13:52 | 6003594 Winston Churchill