Yields and Momentum: Too Early To Buy Aggressively

Since over-indebted nations must constantly sell bonds to raise capital, Italy and Spain are forced to enter very unfriendly markets. Italy, selling short-term notes this morning, was greeted rather rudely by bond investors. From Bloomberg:
Italy’s borrowing costs surged at the sale of 6.5 billion euros ($8.2 billion) of Treasury bills after the [...]

Source: http://ciovaccocapital.com/wordpress/index.php/stock-market-us/yields-and-momentum-too-early-to-buy-aggressively/

links Gordon Brent Pierce