Friday, November 25, 2011

Yield for Italian 6-Month Bond Auction Hits 6.504%

Italy sold EUR 8 billion  in 6-month notes this morning.  Unlike Germany's Bund auction Wednesday, Italy did not have an auction failure, yet the yield paid was 6.504%! 
The 5 and 10 year bonds have since collapsed even further, with the 5-year yield rising to 7.847% and the 10-year to 7.43%.  Italy's next bond auction is Tuesday, Nov 29th.
It's all over now folks.  The ECB/ Fed will soon have to print or the ballgame will be over.
QE to Infinity.....AND BEYOND!!!