ECB bought 4billion last week
July 06, 2010 at 22:42 PM EDT
Looks like my story is unfolding. OK Spanish auction as well. Assuming equity markets were down say 20% from the highs pricing in half the risk of default, they should adjust upward by most of that as default risk fades: The European Central Bank bought €4bn ($5bn) in eurozone bonds last week, the [...]
