PROBLEMS IN EUROPE, PUBLIC BORROWING ARE CONTINUE TO HAMPER PROCESS
By Cain Brothers.
In the past month, long-term interest rates have continued to decline in response to unexpected weakness in the global economy and a shift to quality. The drama in Europe has a few more acts to play out, but if these economic woes can be contained to just Greece and Ireland, the problem could be kept in check. The EU today presents the most significant potential for risk for the world’s capital markets and could have significant impacts on the U.S. dollar and Treasury rates.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
Comments are closed, but trackbacks and pingbacks are open.