by Bill McBride on 7/23/2012 10:27:00 AM
Monday, July 23, 2012
Always a sign of desperation ...
From the Financial Times Alphaville: Spain and Italy take gold for flailing, banning short-selling
From Reuters: Spain Bans Short-Selling for 3 Months
Spain's stock market regulators banned short-selling on all Spanish securities on Monday for three months and said it may extend the ban beyond October 23.The yield on Spanish 10 year bonds is up to 7.5%; the yield on Italian 10 year bonds is up to 6.33%.
Earlier on Monday, Italy reintroduced a temporary ban on the short selling of financial stocks ...
Some related articles from the WSJ: Treasury Yields Hit New Record Lows, Oil Prices Plunge 4%, and Euro Hits New Multiyear Lows. The US 10 year treasury yield has fallen to 1.42%, Brent oil prices are down to $103.43, and the euro is down $1.21.
Posted by Bill McBride on 7/23/2012 10:27:00 AM