- Portugal Bond yields clearly signaling a restructuring or default is coming.
- Europe has a fundamental problem of north versus south.
- German bonds are overvalued; Italian and Spanish bonds could be undervalued if there is a restructuring down the road.
- Pimco is simply staying away from eurozone debt.
- Europe has a fundamental problem of north versus south.
- German bonds are overvalued; Italian and Spanish bonds could be undervalued if there is a restructuring down the road.
- Pimco is simply staying away from eurozone debt.