Credit/risk Basket Update

There's still not much that's very exciting yet, here are the only harts in the Credit/Risk layout that have made any moves of any consequence.

 Yields which tend to act like a magnet for equities have continued dropping and hit a new local low this a.m.

High Yield Corporate Credit has been flat on the day, apparently waiting for something to happen.


Other then that, Italian 10-year BTP's are above the red line 7% level again (as a reminder this is the level that sent Greece, Ireland and Portugal all looking for bailouts as the yield on 10 year debt is seen as unsustainable, despite what Italy's Technocratic government has said today about not needing additional measures to reach their budgetary target.