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Tag Archives: European borrowing costs
Over the past week, the yield on ten-year Spanish debt dropped from over 7.00% to a low of 6.60%. The yield on Italy’s debt dropped from over 6.00% to 5.78%. That is great news, right? It means that Europe … Continue reading
After Mario Draghi’s impassioned guarantee to do “whatever it takes to save the euro,” equity markets around the globe initially rose in eager anticipation of the breathtaking new plan to rescue the troubled European sovereign debt markets. Unfortunately, today’s announcement … Continue reading