Capital Flight Proves Confidence in European Interbank System has Collapsed !
Duration U.S. Japan Germany UK 3-Month -.01 0.10 0.97 0.51 6-Month 0.02 0.11 0.56 0.59 12-Month 0.08 0.12 0.59 0.53 2-Year 0.19 0.14 063 0.59 3-Year 0.32 0.17 0.67 0.75 5-Year 0.93 0.34 1.20 1.36 7-Year 1.52 0.59 1.63 1.84 10-Year 2.18 1.04 2.14 2.49 30-Year 3.55 2.01 2.98 3.75 The European banking system is …