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Originally posted on Global Macro Monitor:
Key Data Points
German 10-year Bund 23 bps higher;
France 8 bps tighter to the Bund;
Ireland 35 bps tighter;
Italy 46 bps tighter;
Spain 43 bps tighter;
Portugal 91 bps tighter;
Greece 88 bps wider;
Large Eurozone banks rise 4.0 to 6.30 percent;
Euro$ down 1.08 percent.
- Sovereign spreads to the Bund continue to fall sharply;
- European unemployment increase to 20m in the second half of 2013 up from 18.7m in October according to Ernst & Young;
- France’s Constitutional Council struck down and ruled President Hollande’s 75 percent top income tax rate anti-constitutional.