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As the feared Italian's Bonds Auction results were available on Reuters and Blomberg, markets ripped high.
All markets.
Euro in particular.
A case of cognitive dissonance: what was there to be so happy about?
A sudden gift from the Greek and the Roman Gods? Some trillions poured all of a sudden in the Repubblica Italiana piggy bank?
No
Yields rised to fearfully close to 8%
Bid to Cover was an unfaithful 1.5
While the day fade out with the colors of the screens I remember the old large sheet of brown paper , the 10.000 Lire bank note in 1962.
Let's get soon back to the old habits.
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