Tuesday, July 24, 2012

Spain is Not Uganda - 2 Year At 6.66%, 10 Year At 7.6%


 Spain is not Uganda: this morning Spain is increasingly looking like the 10th circle of bondholder vigilante hell with its 10 Year trading at 7.59% after hitting a record 7.607% moment prior. The short end has blown out even wider and the 2 Year very appropriately at 6.66% and rising. Italy has also joined the party blowing out to just why of 6.5% and Italy's banks about to be halted across the board despite the short-selling ban. Next up: selling anything forbidden. Finally, the scramble for safety into Swiss 2 year notes accelerates as these touch a mindboggling -0.44%

http://www.zerohedge.com/news/spain-not-uganda-increasingly-looking-vigilante-hell-2-year-666-10-year-76

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