The 10-year German-Italy sovereign spread out another 26 bps today, that’s almost 70 bps wider in the month of May. The swans continue to gather.

The 10-year German-Italy sovereign spread out another 26 bps today, that’s almost 70 bps wider in the month of May. The swans continue to gather.

In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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