Italy: Illiquid-but-Solvent
November 09, 2011 at 11:46 AM EST
Evidence for the argument that Italy is having a liquidity crisis, not a solvency crisis: Italian Yields Top 7% Italian bonds slumped, driving two- five-, 10- and 30-year yields to euro-era records, after LCH Clearnet SA raised the deposit it demands for trading the nation’s securities. Two-year note yields rose above 10-year rates, with five- [...]
