Euro crisis reaches German bunds: “death spiral of the eurozone,” says trader

EURO GOVT-Bunds higher, periphery in firing line

LONDON | Tue Nov 30, 2010 2:07am EST

LONDON Nov 30 (Reuters) – German government bonds opened higher on Tuesday, supported by concerns about the euro zone‘s debt crisis after an 85 billion euro rescue package for Ireland failed to stop the rot in peripheral bond markets. With the market quickly switching its attention to the question of who’s next, Portugal and Spain came under pressure on Monday and a lacklustre Italian auction further reflected the concerns. Italian and Spanish 10-year yields posted their biggest daily rises in more than a decade.

“It could be the death spiral of the euro zone. The way Spain, Italy and Belgium got attacked yesterday was brutal,” said a trader.

“Volumes were thin, but they were all one way.”

Read more at: http://www.reuters.com/article/idUSLDE6AT05N20101130

One Response to Euro crisis reaches German bunds: “death spiral of the eurozone,” says trader

  1. PHILIP GURRIERI says:

    Bleached Anglo WALL STREET INDUCED GLOBALIZING CRASH in the midst of WW-III Armageddom-III by the Holy Roman Republic Empire’s DOWN-HERE where the GOP God’s Of Purgatory rule by FEAR and sickness their weapon of choice with GUNS to conquer in the name of the wholey ghost: GLOBAL-CORPORATISM…..

    The MOST SUPREME ACT OF CHRISTIAN OF THE LORD – LOVE – IS TORTURE, TORTURE, TORTURE, TORTURE for how many needless centuries of FEAR, FEAR, FEAR,,,,,,,,,

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