Posted by: rp on the 4th of Jan 2012 at 11:46 am
7% is considered the danger threshold for italian bond yields, which look to be creeping back towards that magic number after the global central banks intervened to pull them back below the recent spike above 7%. apparently, global stock markets have absolute confidence that central banks have the power to make sure yields remain below this level. maybe they are right…. maybe it is a false sense of security. something to keep an eye on.
