Broker Talk: "Very Large Selling In All European Bonds: Spain, Italy, France"

Submitted by Tyler Durden
03/31/2011 08:46 -0400
46 comments

Remember when we said March would be the cruellest month for Europe? http://www.zerohedge.com/article/will-m ... lest-month Looks like someone did, at least on a NPV basis, and is now preparing for the next phase of the European Crisis. According to Newedge, there is very large selling on dealer screens in "all kinds of bonds: Spain, Italy, and France." It seems at least one trader is not waiting around to see what the Irish stress test results indicate, and the expectation is that, as Bloomberg noted earlier, http://www.bloomberg.com/news/2011-03-3 ... nding.html bondholder haircuts will be fast and furious.

Today should be fun.

http://www.zerohedge.com/article/broker ... aly-france