10-Year Yields:
Greece 18.01%
Portugal 12.68%
Hungary 8.69%
Spain 5.24%
Italy 4.90%
Belgium 3.33%
France 3.03%
Netherlands 2.61%
U.K. 2.44%
U.S. 2.36%
Germany 2.06%
Spain and Italy continue to creep upwards. Portugal has pulled back in yield by 80 basis points since Monday; the ECB must be providing support. Portugal yield curve remains inverted from the 5's thru the 30's. Yields for 5's, 10's and 30's have all risen for Portugal, Spain and Italy over the last couple days. The perceived safe haven countries are all over 2% now. Spain is well over 5% now with Italy edging closer to 5%. France is over 3%.
How about that - your SPXA150R indicator slipped below 90 (to 89.80) yesterday. 'Spose it'll stay there for awhile?
ReplyDeleteHello Weaver, good eye on that, yep, its bear friendly to drop under 90. Over 90 is an excellent signal to short the markets, but it is like waiting for Godot, pehaps the selloff will begin now. If the indicator pops back above 90 that would be time to add more shorts but these markets are becoming very tricky and treacherous now. If it stays under 90 and moves down towards 85 that would be in concert with markets selling off.
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