Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!

Italy 3yr bond yield hits 6-month high at auction

HOLY CRAP: The Spanish 10-Year Yield Hit 7.0%

UPDATE
According to FT's Chris Adams and CNBC's Ross Westgate, the Spanish 10-year yield just broke through 7.0 percent on Tradeweb.

ORIGINAL (3:48 AM EST)
This is getting scary.

The cost for the Spanish government to borrow for 10 years hit a euro-era, all-time high of 6.90 percent this morning. They've pulled back ever so slightly.

Still, this goes to show that despite this weekend's announced Spanish bank bailout, the country still faces its problems.


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

Italian Yields Hit 5-Month High After 3 Huge Bond Auctions

Italy just wrapped up a big bond auction, and the borrowing costs (as reflected by higher yields) were much higher across the board. DJ FX Trader breaks down the results of the three bond issuances.

Meanwhile, the 10-year yield is right around 6.3 percent, which is the highest level since January.


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

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Italy sells 4.5 bln euros; 3yr yields rise to 5.3%! LONDON (MarketWatch) -- Italian borrowing costs rose in keenly-watched auctions on Thursday, with yields on 3-year bonds surging to the highest level in six months. Yields for the 3-year bond rose to 5.30% from 3.91% at a previous auction, while yields on bonds maturing in 2019 rose to 6.10% from 5.21% previously. In total the government succeeded in selling its maximum targeted 4.5 billion euros ($5.7 billion). In the secondary market, yields on 10-year Italian government bonds /quotes/zigman/4869096/delayed IT:10YR_ITA +1.01% rose to 6.30% from 6.22% at Wednesday's close. [link to www.marketwatch.com]

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Hi Luis

I wonder witch rabbit out of the hat they can produce?? Looking bad and elections on Sunday! Interesting and scary times!! I feel we are facing unprecedented time in northern history, concerning world wide monetary system. Better be prepared mentally



Last Edited by Limpan on 06/14/2012 06:16 AM

At least we can try to be prepared... but yes historic and tuff times ahead!

zerohedge‏@zerohedge

Spain CDS hit record 612 bps minutes ago

Pinned this for you Luis

Thank you very much my friend!!!

For us in Ireland the sooner the euro dies the better.Need to reintroduce the punt, devalue it and tie it to sterling while getting the economy to grow again.

This Eurocalypse nonsense has scared the masses who cannot think beyond it. Get rid of it.

zerohedge‏@zerohedge

Italy’s April Government Debt Reaches Record EU1.95t

1 min zerohedge‏@zerohedge

Italy Sells €4.5 Billion In Bonds As Yields Soar [link to DON'T_USE_THIS.com]

Its too late. Nothing on earth can effectively deal with the debt banks worldwide hold. This Euro experiment was an absolute disaster as was the false boom it generated.I remember telling friends in Belfast prior to emigrating in 1993 that the South would live to regret the false boom.

zerohedge‏@zerohedge

SPAIN BANKS’ ECB BORROWINGS EU287.8 BLN VS EU263.5 BLN IN APRIL

7% will drain ALL of the cash-flow from these countries.

Spain will default very shortly if they can't get bond prices down.

Same in the U.S. if our bond rates go to 6% we'll be unable to meet cash flow due to all the short term funding we'll be rolling over.

That is, 6% on our bonds eats up ALL available incoming cash on payments.

All this bond yield mess would be solved if the ECB just lent unlimited money at 2% to EU countries.
German policies are about ruling the eurozone and milking profits out of the current situation, instead of making the EU work.

for your trust in threads... xo

zerohedge‏@zerohedge

Spain 2013 GDP Est Cut to -1.3% vs -0.6% at UBS

That's much

Every day the situation worsens a lot... it's just impressive!

Did I miss something Luis? Why did the market spike half a hour ago, any positive news???

Hello Luis,
7% is real high. Do you see Spain asking for troika help in the near future not for the banks but for the public sector?

Euro goes up a little, but no good news.

zerohedge‏@zerohedge

Spanish Bank Borrowings From ECB Surpass Italian, As Italy Sovereign Debt Hits Record €1.95 Trillion [link to DON'T_USE_THIS.com]

Yes both of them... situation is just insustainable! Please tell me what's last news on sunday elections?

Help? Their asses should be beaten with a friggin stick until they reach nearly melting point. EU management should get all fired by being so close minded and incompetent.