Italian and Spanish bond yields
Please notice the graphs and yields for 10 year bonds in Italy (currently at 6.04%) and Spain (currently at 6.44%). The bailout rally did not last and bond yields are turning higher.
Headlines:
- Spanish Yields Surge As Bank Bailout Stokes Sovereign Debt Fears
- Infosys Skirts Italy, Spain Software Deals on Euro Crisis
- ECB Financing to Portuguese Banks Increased to Record in May
- Puerto Rico Borrowing Costs Rise on Rating Concern: Muni Credit
- Spain told it will be under “troika” supervision
- Italy Enters Crisis Crosshairs as Spain Bailout Rally Fizzles
- European airlines ‘are facing a record loss’
- Ireland Pursues Debt Gain From Spain’s Banking Pain
- Cyprus Minister: ‘Urgent’ Bailout Needed
- S&P Says India May Be First in BRIC to Lose Investment Grade
- Detroit unions concerned as contracts set to expire
- Syria risks military strikes, warns Hague
- Gold-Investment Demand in China to Advance 10%, ICBC Says
- Greek Blackouts Risked as Power Companies’ Cash Runs Out: Energy
- Irish Town revives original currency
==========================
“European finance officials have discussed as a worst-case scenario limiting the size of withdrawals from ATM machines, imposing border checks and introducing capital controls ”
Italian Bank Holiday (BNI)
A local article on the closure*
* The preliminary closure duration estimate is one month. Yikes!
- SAX
