Fresh Concerns about Ezone Peripheral Economies

September 7, 2010

The euro fell 0.9% against the dollar.  Stocks have declined 1.4% in Madrid, 1.2% in Paris, 1.0% in Zurich, 0.9% in London and 0.7% in Frankfurt.  Ten-year sovereign bund and gilt yields are six and four basis points lower.  Bond spreads between Euroland’s peripherals and Germany have widened to more than 935 basis points in […] More