via Bloomberg - European Credit Spreads

Widening credit spreads are an indication of more than just political based gambling in the markets. It might mean a major infarcus is about to unwind.

The widening of credit spreads comes on the steepening of the yield curve, where there was a protracted inversion of U.S. short term paper over longer term Euro denominated bonds, especially German and Japanese bonds.

The $IRX has not declined, but held its rate. This might mean serious declines in short term rates soon enough.

http://bloom.bg/2fNmgxh

-F6