European debt crisis

Ezone Default Fears Mount Ahead of U.S. Jobs Report

July 8, 2011

Investors are watching two shows today.  Mounting concern that Euroland’s peripherals will default are reflected in a stronger German bund and weaker peripheral bonds.  The Italian minus German 10-year bond spread reached its greatest width since July 2002, and the euro has depreciated 0.7% against the dollar.  Meanwhile, optimism about the U.S. employment figure, due […] More