European Fear Subsiding

by Jay Pestrichelli on November 30th, 2012

Two charts tell the story about  the fear in Europe subsiding. Take a look at Italian and Spanish Bond yields (from the WSJ) and the ETFs that reflect those countries.

EWP - Spain

EWI - Italy

A picture is worth a thousand words. So the only thing I’ll add to these to pictures is that if this holds, there is significantly less fear of a Euro collapse or a spill over into the US.

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