November 4 links: Greek convulsions

Greece 2 Year 5 Year 10 Year
Portugal 2 Year 5 Year 10 Year
Ireland 2 Year 5 Year 10 Year
Spain 2 Year 5 Year 10 Year
Italy 2 Year 5 Year 10 Year
Belgium 2 Year 5 Year 10 Year
France 2 Year 5 Year 10 Year
Germany 2 Year 5 Year 10 Year

Comments

  1. So today ore is “undollar”, but for past few weeks its been in the dollar column.

    Perhaps its (gasp!) moving on fundamentals? Definitely seems to have stopped crashing (for now).

  2. ECB cutting rates is a sign, (if we needed one!) that their economies are worse that can be seen on the surface. Similar to the RBA cut; things are not as rosy as they seem.

    • Conversely, the notion of raising rates by CB’s infers that things are going swimmingly – so good, we need to curb enthusiasm.

      You’ve hit the sentiment on IR cycles on the head Janet, and it fits in with a Minsky view of the business cycle as well.