It's not looking pretty at the European close

European stock market close 24 February 2016

  • FTSE -1.7%
  • Cac -2.2%
  • Dax -2.8%
  • Ibex -3.7%
  • FTSE Mib -2.6%

European bonds

  • Italy 1.53% flat
  • Spain 1.62% -1bp
  • Portugal 3.46% +6bp
  • Germany 1.47% -4bp
  • Greece 10.67% +13bp

It's not going to be long before we'll be paying Germany for the pleasure of borrowing our money for 10 years much like their shorter dated stuff.

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