Europa Strife Lifts Key Bond Prices |
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May 23, 2011 |
May 2011 Bond Updates
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Europe woke up altogether on the wrong side of bed on Monday with investors dumping stocks, commodities and peripheral government bonds as the political and economic climate took a pounding. Yields on core government bonds slid while those on less well-to-do nations rose as did the cost of insuring against the unsavory prospect of default. Global stock markets were ravaged as news unfolded on Monday in part due to prospects of economic weakness while the debt-gridlock across the Eurozone took on greater prominence after the outlook for Italian debt was downgraded and Spanish voters voiced their objections to Socialist policies.
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View more at: http://blogs.forbes.com/greatspeculations/2011/05/23/europa-strife-lifts-key-bond-prices/
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