Monday, December 12, 2011

Euro Melt Back on (already); Blue Monday for Stocks

12/12 Market comment

As shared over the weekend, the grand Friday EU Summit certainly did not yield any lasting solutions. Already in Europe today, BTPs Yielding 1% More In Two Days Since LCH Margin Cut UBS is warning AAA-Rated Euro-Area Downgrade ‘Inevitable’. Add to that, Moody’s is warning of a Euro wide review of sovereign debt. The Italian 10 year is already back to 6.71% and closing in on a 7-handle. Greek CDS and yields... Please read more here: Thanks!

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