DislikedYeap, sharp moves there as expected after the ECB "intervention". What do you make of Italy passing Spain in the bond markets?.
sisseIgnored
They got 370Bn to refinance and have about 7 weeks of cash left. This problem is not going to go away. 3rd largest bond market worldwide and it is in problems. Berli trying to find another 35Bn of austerity this week is only a drop in the bucket.
EFSF will need to increse to 3Trn if the Italian trend continues. Today's intervention is only temporary the FI boys want their slice.