Wall Street Sector Selector | Apr 19, 2012 02:19AM ET
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Wall Street and investors are not buying mixed Spanish, German, and Italian bond salesas major indexes have dropped about .3% so far on average yesterday.
The closely watched Spanish Bond auction (NYSEARCA:EWP) yesterday morning went better than expected, with Spanish bond yields dropping to 5.82%, a 17 basis point drop. Although the pain in Spain continues to fester, Spanish bond yields have yet to reach the psychological 7% panic button. Investors were not pleased however that the rate of bad Spanish loans had increased Wall Street Sector Selector trades a wide variety of ETFs and positions can change at any time.
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