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Friday, August 5, 2011

8/5/2011 - It Just Got Worse: Italian Treasury Just Announced It Will Not Sell 3 Month Bills At The August 10 Auction

It Just Got Worse: Italian Treasury Just Announced It Will Not Sell 3 Month Bills At The August 10 Auction

Tyler Durden's picture


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:



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