3 Years Of Gains Just Evaporated In 6 Days…Prelude To Global Turmoil?
KingWorldNews.com
May 22, 2018
We just saw 3 years of gains evaporate in 6 days in this major market. Is this a prelude to global turmoil?
3 Years Evaporates In 6 Days
May 22 (King World News) – Here is what Peter Boockvar had to say as the world awaits the next round of monetary madness: After giving back 3 years of monetary suppression in 6 trading days, Italian yields are lower today. The 2 yr yield is down by 7 bps as is the 10 yr yield. Italy certainly has its own political dynamic and a debt to GDP ratio of 130% at the same time the new regime wants to bust out the deficit. But the dramatic reaction in its bonds, the 3rd largest bond market in the world, in just a week of trading in the face of everything the ECB has done should be a wake up call of maybe what is to come as we get closer to the end of ECB QE this year and NIRP next year…
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