The Uneasy Calm in European Bond Markets

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The Uneasy Calm in European Bond Markets

Here’s another one of those neat graphics from Spiegel Online, this one related to a story yesterday about what they consider to be only a “temporary respite” from the credit market troubles that have accelerated in recent weeks and months.

If not for the swath of S&P credit downgrades in recent days, there would probably be even more sore arms in Europe from everyone patting each other on the back, that is, after a $500+ billion program of back-door money printing seems to have produced the desired effects on the red and yellow lines above.

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