Eurozone Watch:

 

Key data points:
German 10-year Bund new weekly closing low at 1.516 percent;
Spain 10-year wider by 34 bps, first 2012 weekly close over 6.0 percent;
Italy 10-year 14 bps wider;
Greece 10-year blows out 425 bps on the week;
Banks x/France bounce from last week’s rout;
Euro Currency falls 1 percent against dollar;

Comment:  The key question now for global markets is Greece an “indicator species‘ of a widerl debt/political problem or just a one off?  The answer will determine the direction of the global markets for the rest of the year, in our opinion.

 

Category: Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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