It Just Got Worse: Italian Treasury Just Announced It Will Not Sell 3 Month Bills At The August 10 Auction
Submitted by Tyler Durden on 08/05/2011 12:06 -0400
Little by little, Italy's self-imposed exile will completely isolate it from capital markets. Here's to hoping that €60 trillion in previously undiscovered money last the country for a looooong while.
Below are the BTP auctions that are now cancelled according to our count: