Markets Are Quiet, But PIIGS Yields Are Blowing Out, And The Euro Is Sliding Again

For the most part, equity markets are pretty quiet, but with a slight upward bias seen across Asia and Europe.

A standout winner is the Saudi market, up 0.72%, for its fifth straight day of gains.

Yesterday was a horrible day for the PIIGS and today is looking like more of the same. Portuguese and Greek yields are hitting new records.

And the euro is diving, though it’s had a bit of a bounceback.

There’s nothing much new on the Libya front.

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