Daily Archive: June 18, 2012

Jun 18

So much for the Greek election…Spanish bond yields getting ugly

Source: Bloomberg Spanish bond yields are a far greater concern than Greece…Greece’s exit from the Euro unfortunately is inevitable and the Pro-Austerity victory in the election will just create a delay for, hopefully, an orderly exit from the Euro. With Spanish 10 year bond yields now above 7%, which are completely unsustainable levels, another bailout will undoubtedly …

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