Wednesday, November 9, 2011

Italy 10-year bond hit 7.45%



Dow dropped 3.2%, 389 points to 11,780 at the close of Wednesday trading after the Italian bond yield surged pass the critical 7% level. With 10 year bond yield at 7.45% and 2-year at 7.29%, many economists perceive this to be economically unsustainable. With a total public debts at 2.6 trillion euros that need to roll over sometimes in the future, is there a way for the Italian to get out from this mess?

As for Dow, is this the starting of mini wave 3 of sub-wave i of wave 3 of its major wave C ?



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