Is Another European Bank Crisis Starting? |
| February 08, 2016 | February 2016 Bond Updates |
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European banks, which have seen equity prices under pressure for some time saw those declines accelerate recently. More dangerous, with a greater possibility of impacting global markets is the rapid deterioration in the bond market. Complex "hybrid" instruments like CoCo's have been most heavily hit, but bank credit spreads in Europe have been widening as well. It is quite possible that this spread widening has been a bigger reason for U.S. stock market weakness in the past weeks than even oil. |
| View more at: http://www.forbes.com/sites/petertchir/2016/02/06/what-is-happening-to-european-banks/ |
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