The Pain in Spain
After a three-month respite that allowed global stock markets to rally sharply to start the new year, the pressure in the peripheral European bond markets is once again causing stresses in the "risk-on" trade.
Spain is set to auction both short-term bills on Tuesday and three- and 10-year notes on Thursday. By now, everyone is aware that the Spanish credit default swaps have blown out to record spreads, and fear is building that a new phase of the European debt crisis is at hand....557 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.