European Bank Bloodbath Crashes Bond, Stock Markets
- European Bank Bloodbath Crashes Bond, Stock Markets
by Tyler Durden, www.zerohedge.com
Just as we warned, not only is it time to panic but the panic is ‘contagion’-ing over into the sovereign risk market. European banks are in freefall, down over 4.3% broadly, crashing to 2012’s “whatever it takes” lows.
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European bank risk has gone vertical… Today’s spike is the largest since April 2010
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TBTF banks are all seeing credit risk explode – to 52-week highs and beyond…
- Slamming European bank stocks back to near “whatever it takes” lows…
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