SSA markets sweat on 2012 as Euro govvie collapse looms

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SSA markets sweat on 2012 as Euro govvie collapse looms

Senior bankers feel a shutting down of sovereign, supranational and agency bond markets could be the least of Europe’s problems in the new year if the dire situation in government bond markets continues. European government yields widened against German Bunds all week despite European Central Bank intervention, which is beginning to look ever more ineffectual in its current format.

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