The price of insuring the European Union against a member's default rose above the price to insure Europe's companies against default today for the first time since the height of the financial crisis in March 2009.
Meanwhile, the risk premium to own the riskiest safe corporate bonds instead of 30 year government bonds (and their "risk free" rate of return), has narrowed to the smallest spread since July 2007... the moment just before the panic began.
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