Merkel Handed Sub-Zero Yields as ECB Plan Gains Traction
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Stuart Thomson knew what to do last month as Spanish yields rose to records: Sell German bunds.
“There is no way that Germany will not be affected by this,” Thomson, who helps oversee $109 billion as a money manager at Ignis Asset Management in Glasgow, Scotland, said in an Aug. 3 interview. “Spain won’t be able to survive without external help. The bailout will add more burdens on Germany.”