Moody’s: “The ECB Can Do No More Than Buy Time”

via: ZeroHedge
by: Tyler Durden
July 30, 2012

Tyler Durden's picture
It would be odd to suggest that one of the most scathing critiques of the ECB’s attempts to talk up the market on nothing but hope, promises and expectations would come from rating agency Moody’s, yet that is precisely what has happened. WithSwiss, Dutch, Finnish, and German short-dated bonds once again hitting new record low (negative) rates (and Italian 10Y is weakening), it would appear that at least some of the market is not drinking the all-things-risk kool-aid.
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