Tag Archives: ESM Banking License? Rumors Of Non-Solution Send Sovereign Yields Lower; Purposeful Non-Elaboration

Mish/ Mike Shedlock – ESM Banking License? Rumors Of Non-Solution Send Sovereign Yields Lower; Purposeful Non-Elaboration – 25 July 2012

The mantra of eurocrats is quite obvious: When times get tough, roll out already discarded rumors and hope they stick for a while.

Earlier today yield on 2-year Spanish bonds hit 7.14%. The yield now is a still unsustainable 6.42%. Continue reading

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