IIFT Daily Note with Peter Brown

Bond Yields

Posted by:  |  Time: 6:47 am  |  Topic:
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After yesterday’s shock German bond auction,the focus today is going to be on bond yields. Italy close to 7%, above this and the market sells. Holiday in the US so should be fairly quiet this afternoon.

Again the market looks a little low this morning so probably a small bounce first. Sorry to repeat myself but sell on rallies untill somebody suggests something that can seriously fix the crisis. That can only be a U-turn from the ECB.

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