"ease"?
C'mon Portugal's bond auction, as with most bond sales, are being snapped up by yield hungry (even crappy US 10yr bills are being bought with crap yield) sovereign funds and/or other governments. With over 50+% bidding coming in via government funded bidders. As we all know the WORST fund managers in the world work for the government/sovereign funds.
It is business as usual has interbank/CDS spreads maintain a widening spread.
EU is still FUBAR...
Default predication order (with in 2yrs...or less):
Greece, Portugal then the rest of the PIIGS
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