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Safe heavens and investment hells

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23 May 2012

Comments

  • Yes, this is very concering. In Italy volumes of retail domestic government bonds has exploded since 4Q11, so much so that if you look at the volumes of European exchanges and regulated markets in bonds in 1Q12, the Italian platforms of MOT and EuroTLX represent 73% of European contracts traded and 34% of European turnover traded. How scary is that?