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>> LTRO Latest News

FEB 07, 2013 - Zero Hedge

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Europe Closes Red For 2013, Italian Yields At 7-Week Highs

EuroStoxx (Europe's Dow) closed today -1% for 2013. France, Germany, and Spain are all lower on the year now. Italy, following ENI's CEO fraud, collapsed almost 3% from the US day-session open, leaving it up less than 1% for the year. Just as we argued, credit markets have been warning that all is not well and today's afternoon free-fall begins the catch-down. European sovereign bonds are no better with Belgian spreads the worst +13bps on the year. Italian bond yields are the highest in seven weeks (with spreads back above 300bps again today) as both Italy and Spain approach unchanged for ... Read More

Tags: Europe Closes Red For 2013, Italian Yields At 7-Week Highs,  Ltro Latest News