Click for ginormous chart
Pretty interesting look at the 10 yr bonds of the Eurozone PIIGS plus Cyprus.
With so much speculation about the future of Cyprus, one wonders what happens if one collapses, what will happen to the rest. Thus far, it appears to be of little or no consequence.
Source:
Ralph M Dillon
www.globalfinancialdata.com
Category: Bailouts, Fixed Income/Interest Rates
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.
PIIGS+C=SICPIG
The idea that you can have your national government confiscate your wealth by removing the deposit insurance feature of modern banking system almost guarantees a run induced collapse of it; that is the real consequence of the actions of the government of Cyprus.
BR you had to have questioned who holds your customer accounts after MF Global and JPM’s shenningans w/ Lehman 4 years ago. To keep ignoring potential consequences because it is a little country in terms of economics does not give you the right to destroy the concept of law which is necessary for contracts, social legal business or other.