Well what a difference 1 day makes when Draghi isn't faced with a cornucopia of reporters.
And for those who think it's because of the rumors of an impending S&P downgrade, those rumors were alive and well yesterday.
Friday, January 13, 2012
Italian/Spanish Bonds Wider Today
How many of you thought, "Brandt is a total conspiracy nut!" when I said yesterday that the successful Italian/Spanish bond auctions were almost certainly manipulated so Draghi wouldn't be faced with tough questions in his press Q&A after the ECB's rate decision yesterday?
Well what a difference 1 day makes when Draghi isn't faced with a cornucopia of reporters.
Italian 10 year yields have shot up from 6.45% yesterday to 6.80 today
Spanish Debt- from 5.05% to 5.26%
And for those who think it's because of the rumors of an impending S&P downgrade, those rumors were alive and well yesterday.
Well what a difference 1 day makes when Draghi isn't faced with a cornucopia of reporters.
And for those who think it's because of the rumors of an impending S&P downgrade, those rumors were alive and well yesterday.
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