By Barbara Kollmeyer
MADRID (MarketWatch) — Yields on Spanish and Italian government bond yields continued to rise on Tuesday as financial markets in Europe reopened after a four-day Easter break. Yields on 10-year Spanish government bonds ES:10YR_ESP +1.44% jumped 9 basis points to 5.83%, surpassing a high of 5.74% reached last week, a level not seen since the start of the European Central Bank’s long-term refinancing operations. Spanish yields soared last week after [...]
Stock markets were topsy-turvy on Friday, reflecting ongoing concern on the euro crisis
Italy’s cost of borrowing has reached a record high, despite the deal reached to contain the eurozone debt crisis.
Italy paid 6.06% to borrow for 10 years at an auction on Friday, the most since the euro was created in 1999.
The rate jumped from 5.86% – the previous record high – at its last auction a month [...]
By DoctoRx of the Daily Capitalist, on September 5th, 2011
Stock markets fell very hard in Europe today, but if even Bloomberg.com doesn’t mention it, does that mean it did not happen or does not matter?
The Stoxx 50 index was down over 5%, as was the German DAX. Yet the “Top News” headlines on Bloomberg as I write this are, in order:
Obama Addresses Union Labor Day Rally;
Darwin Effect [...]