We are mid day Thursday January 12th. Just a couple of charts of interest that caught my eye on the big picture. First, Italian 10 year bond yields are starting to come down under the 7% level today which is a positive development, chart below.
Spain 10 year bond yields are also dropping rather fast. Below is the chart.
Bottom Line: Lower bond yields is the goal in the short term for these EU countries. It looks like the debt crisis in Europe is under control at least for the time being. I am still expecting higher prices for stocks in the coming weeks ahead based the EU's "kick the can" solution which is starting to take hold. Thank you for stopping by.
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