There is no relief in Europe. Spanish 10 year bonds hit a new cycle high today, with the yield moving up to 6.08% - 23 basis points in one day.
The previous cycle high was 6.07% reached April 16th.
(Chart)

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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
There is no relief in Europe. Spanish 10 year bonds hit a new cycle high today, with the yield moving up to 6.08% - 23 basis points in one day.
The previous cycle high was 6.07% reached April 16th.
(Chart)
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