Irish Bund Spreads Hit Lifetime High Of Over 500 bps

[Ares]

The Irish-Bund spreads has just hit a lifetime high of over 500 bps, pushing above 502.75 last. Elsewhere, the EURUSD continues to trade over 1.40 despite the now inversely parabolic drubbing in gold. Then again, what can one expect when Cramer recommend buying it with both hands.

<img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/IRISH%20BUND%2011.3_0.jpg"/>

http://www.zerohedge.com/article/irish-bund-spreads-hit-lifetime-high-over-500-bps