no one around the blogs seems to be saying anything about the yields on spainsh short term debt being sold so high.........it is like the yield has been overlooked in relief that the f.king thing just gone done.
i don't get it because if short dated paper yield jumped a full point over the previous auction that has to translate into higher yields for the 10 years where the shit hits the fan at 7% and it is getting a lot closer
i think this repatriation of the euro thing has legs until the central banks blow at least a few more trillion.....or announce the intention
PS.........yesterday i shorted the CAC at 3240 at just after 9AM NY time..the Dow solf off right at the open and then rebounded into 2 o'clock.........sold off close to the close
i don't get it because if short dated paper yield jumped a full point over the previous auction that has to translate into higher yields for the 10 years where the shit hits the fan at 7% and it is getting a lot closer
i think this repatriation of the euro thing has legs until the central banks blow at least a few more trillion.....or announce the intention
PS.........yesterday i shorted the CAC at 3240 at just after 9AM NY time..the Dow solf off right at the open and then rebounded into 2 o'clock.........sold off close to the close