Eurozone's probability going into recession got extra momentum as refinancing cost continues to soar.
And more pain to come across the yield board.
Remember, how many corporates and government bonds were issued with negative yields ?
tick tock… pic.twitter.com/DRkyY55QTj
— 𝒦𝒶𝒾 (@MacroTechnicals) June 9, 2022
Italy 10y yield 3.7% pic.twitter.com/VDinnGN2Gi
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) June 9, 2022
Eurozone bond yields :
"ECB, catch me if you can" pic.twitter.com/aRFaEpwCsF
— 𝒦𝒶𝒾 (@MacroTechnicals) June 9, 2022
German and Italian yields spike pic.twitter.com/bLbZFLygaa
— Thomas Thornton (@TommyThornton) June 9, 2022
Italian 10-year yields rise to the highest vs German rates in more than two years: pic.twitter.com/UtX60mHK4G
— Lisa Abramowicz (@lisaabramowicz1) June 9, 2022
Amazing Article written about the world right now…. NOT! This is about germany in 1922.. History doesnt repeat, but damn does it often rhyme.
h/t Office-Scary