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I have been expecting Greek yields to surpass 100% and here we are, and still with no comment from ECB president Jean-Claude Trichet.
Meanwhile U.S. the 10-Year treasury yield hit a new all-time low of 1.89% and the German 10-Year bond yield hit a new all-time low of 1.72%
Yield on the 10-year Italian bond rose .06 to 5.47%.
So, what's Trichet going to do for his going away party?
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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