European Bond Risk Spikes Most Since 2011 As “Graccident” Looms
by Tyler Durden
ZeroHedge.com
03/18/2015
Despite the constant blather of how cheap European stocks are (they are not) and how Draghi’s QE will create something positive (priced in?), the last 2 days have seen Italian, Spanish, and Portuguese bond risk explode higher. The 20%-plus surge in bond spreads is the biggest since the beginning of the EU crisis in 2011 as Grexit fears (and redenonimation risks) continue to spread.
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