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| Eric Marvin, CFP® |
Well, as I woke up this morning I was pleasantly surprised to see the Italian six-month debt auction go off without a hitch. In fact, Italy had their lowest six-month auction yield since September auctioning off $9 Billion euros for 3.25%. This of course compares to a lifetime record high of 6.50% just last month.
With this good news the markets are still not out of the water yet for the end of the year, but they certainly dodged a bullet. Tomorrow Italy will auction off longer-term debt, including three and ten year bonds.
Past performance is no guarantee of future results.
JPT122811-2109
