Tuesday, November 15, 2011

UH-OH: ITALY BOND YIELD BACK OVER 7%

Italy's cost of borrowing has risen again to the 7% danger level, putting the new PM Mario Monti under pressure as he tries to form a government.

The Italian bond yield reached 7.039%, indicating continuing market nervousness about the country's debts.
THE MARKET IS VOTING ON THE CHANGES TO DATE AND THE MARKET IS SAYING IT DOESN'T LOOK GOOD YET.

STAY TUNED...

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