EURO LOD!!! EURUSD 1.2042...UPDATES

1,2496!!!

hahahaha was just gonna post, but you beat me to it

1,2470!!!!!!!

1,2466!!!

1,2461!!!

THE EURO IS GETTING DESTROYED!!! We've been watching the important benchmark of the euro valued at $1.25. That broke briefly last week, and it looks like we're back here again.

Analysts had previously been talking about support around $1.26, but we appear to have blown right through that as the euro continues to lose value.


Read more: [link to www.businessinsider.com]

It's.. going Down...

Reaching new lows - 1.2453 just now...

going down 1.2443

I love that song!

geeze...

not even a dead cat bounce

watch out below!

Thank's everyone!!!

1,2435!!!

yeah!! cheap german cars for merikans!

Italy 10yr bond yield up 24.3bp to 6.137%:Tradeweb
Spain 10yr bond yield up 22.2bp to 6.685%:Tradeweb

UPDATE: Markets Getting Pummeled, Sovereign Bond Yields Shooting Higher All Over The Place

ORIGINAL POST, SEE UPDATE BELOW: The beatings continue, especially in Spain, where the IBEX is down 1.7%.

This markets three straight days of substantial losses to start the week.

Yield on the Spanish 10-year bond has shot above 6.556%.

As a reminder, we're talking about a potential crisis in a country whose economy would make Greece's look like a joke.

Italy's borrowing costs, meanwhile, keep edging up, with the 10-year yielding 5.8825. Its market is down 0.45%.

Overall the tone is negative. The Aussie dollar (a representation of risk appetite in Asia) had a horrible night and US futures are lower.

Meanwhile, check out the surging Spanish 2-year bond >

UPDATE: It's really getting ugly on the Spanish and Italian debt front. The Italian 10-year bond is now yielding above 6%.


Read more: [link to www.businessinsider.com]

again how does bond yeilds blowing up

and your contry leaving the banker propaganda scam

end up being a bad thing ?

if the euro was to crash to a very low value

its economy would flourish beyond comprehension

we would all rush their like children to a candy store

Here's What's REALLY Happening To Government Bond Markets Around The World

The fact of the matter is that yields are plunging left and right.
The yield on the US 10-year bond has just fallen below 1.7%.
In Germany, the 10-year has fallen to a new record of 1.33%.
UK borrowing costs have hit a record low of 1.73%.
In Finland, the yield on the 10-year is 1.624%. You guessed it, that's a record low.
Sweden: The 10-year yields 1.405%. Same deal.
In Australia, the 10-year has dropped close to a record low of 3.061%.
Canadian 10-year yields at 1.87% are close to a record low.
Japan's 10-year: 0.85%.

Get the point?

All around the world, people are clamoring for the safety of government debt.

The one thing that all of these countries (almost) have in common is their own printing press for currency. The one exception is Finland (a model of fiscal health). Since German controls the ECB, we're going to argue that they're included in countries that have their own currency.

Unfortunately, most people look at Spain and Italy and Greece, and make big sweeping comments about how governments are at their end of their rope. It's just not the case. In the desperate search for a safe return on capital, people have never been more desperate to give governments their money.

And furthermore, this unfortunate extrapolation from a few weak apples is leading to some poor policy mistakes, where governments that should be spending are doing the exact opposite.


Read more: [link to www.businessinsider.com]

1,2436...

zerohedge‏@zerohedge

JPM says ECB unlikely to view the SMP as an appropriate long term response to the Spanish bank bailout problem

2 min zerohedge‏@zerohedge

JPMorgan’s David Mackie says Spain increasingly looks like cannot share the burden alone

EURO LOD!!! 1,2430!!!

1,2424!!!!!!!

Last Edited by Luisport on 05/30/2012 06:57 AM

Oil /quotes/zigman/2203147 89.22 -1.54 -1.70%
FTSE 100 /quotes/zigman/3173262 5,304 -87 -1.61%
CAC 40 /quotes/zigman/3173214 3,039 -45 -1.47%
DAX /quotes/zigman/2380246 6,320 -77 -1.21%
FTSE MIB /quotes/zigman/1482176 12,892 -215 -1.64%
IBEX 35 IDX /quotes/zigman/2759620 6,091 -161 -2.58%

And now it swings BIG! To 1,2470... and falls again... [link to www.freestockcharts.com]

zerohedge‏@zerohedge

EU Says It Is Willing To Envisage Direct ESM Bank Recapitalizations

Dow /quotes/zigman/627449 12,581 +126 +1.01% Nasdaq /quotes/zigman/123127 2,871 +33 +1.18% S&P 500 /quotes/zigman/3870025 1,332 +15 +1.11% GlobalDow /quotes/zigman/629063 1,770 -10 -0.54% Gold /quotes/zigman/676896 1,551 -0 -0.02% Oil /quotes/zigman/2203147 89.15 -1.61 -1.77%
FTSE 100 /quotes/zigman/3173262 5,290 -101 -1.87%
CAC 40 /quotes/zigman/3173214 3,032 -53 -1.72%
DAX /quotes/zigman/2380246 6,305 -92 -1.44%
FTSE MIB /quotes/zigman/1482176 12,860 -247 -1.89%
IBEX 35 IDX /quotes/zigman/2759620 6,206 -45 -0.73%
GlobalDow 1,764 -17 -0.93% with this, Spain is rising big and the other markets are falling harder... this is very very BIG FUNN!!!