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European Bank Risk Spikes Most In 5 Years To 19-Month Highs

Tyler Durden's picture




 

Europe's Senior Financial credit index traded a stunning 20bps wider at the open to 97bps before giving a little back and holding at around 90bps. This is the biggest spike in European bank risk since May 2010... and is the highest level of risk since December 2013.

 

 

Is faith in central bank omnipotence faltering?

 

Charts: Bloomberg

 

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Mon, 06/29/2015 - 11:41 | 6249627 Martial
Martial's picture

"Is faith in central bank omnipotence faltering?"

God please, let it be so

Mon, 06/29/2015 - 11:44 | 6249640 KnuckleDragger-X
KnuckleDragger-X's picture

"Place not your faith in kings" or their bankers either......

Mon, 06/29/2015 - 11:42 | 6249629 JoeTurner
JoeTurner's picture

Does a bear re-hypothecate in the woods ?

Mon, 06/29/2015 - 11:42 | 6249630 BI2
BI2's picture

Why did Europe back the US Empire with its warmongering? What did they think would happen?

https://biblicisminstitute.wordpress.com/2015/06/25/warmongering-vs-econ...

Mon, 06/29/2015 - 11:44 | 6249639 Oh regional Indian
Oh regional Indian's picture

Wall street is fuckiing over it's cousin's across the pond nicely.Either China or the EU but no way the Wall Street establishment has anything to do with the coming crash.

Nothing. Halo's' on their fuckiing heads.And if this is the "not yet" action, I wonder what we will see this Sept.Oct, which time/date seems to have been set in people's mind (including my own) as when it all goes down.

What might be a big enough event to change the tide?

I might have a clue.....

 

 

Mon, 06/29/2015 - 11:45 | 6249644 franzpick
franzpick's picture

The breakout on that bank risk chart is the beginning of something big...

Mon, 06/29/2015 - 12:08 | 6249722 disabledvet
disabledvet's picture

Failure to DEMAND the Athens Stock Exchange open is a MAJOR policy blunder in my view.

So VERY European though. "We will pay you NOTHING!"

Really?
I can't even get a price on a worthless piece of paper call "Greek Yogurt Express"?

Ridiculous.

Mon, 06/29/2015 - 11:49 | 6249660 Texas Fold-em
Texas Fold-em's picture

.... the only prescription is more cowbell.

Mon, 06/29/2015 - 12:10 | 6249730 disabledvet
disabledvet's picture

"More goat" is more like it...

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