Wall Street Journal |
What to Make of Italy's Astonishing Bond Selloff
Wall Street Journal Market reporting is prone to hyperbole, but Tuesday's Italian bond selloff was truly astonishing. Short-dated bonds that can usually be treated as a close proxy for cash turned toxic, and bondholders showed serious panic. Prices fell and yields on ... Euro stuck near 10-month lows as Italy's political crisis deepens Crisis-Weary Central Banks Brace for Turmoil as Italy Slips The Danger That Italy's Political Crisis Poses for the Global Economy |
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