Archive for November 24th, 2011

New Overnight Developments Abroad - Daily Update

A Further Liftoff in German Bund Yields

November 24, 2011

The 2.21% yield on ten-year German bund yields is 32 basis points higher than its level a week ago, underscoring widespread concern the the European Monetary System is headed for a break-up over the inability of politicians and bureaucrats to resolve the system’s immense dysfunctionality. The United States is observing Thanksgiving today, but in Europe […] More