Dollar Eurozone Bonds

With no QE, and all the problems in europe the dollar is benefiting and everything else is selling off. 

ECB President Trichet today said that the risk signals from the situation in Greece are "flashing red" as far as stability in the Euro zone are concerned. Fears of some sort of contagion spreading to the big European banks are running very high over there. 

curious that in this environment bonds wouldn't breakout

Wow look like the eurozone will be gone pretty soon. Check this out:

Last year, Germans were asked to pony up money to fund the bulk of a Greece bailout package. Germany lent money to Greece with the provision that Greece would get its act together.

Now, a year later, Greece hasn't changed a thing... and, is now in need of more money (what a surprise) to ward off bankruptcy. The EU is once again asking Germany to out up most of the money with the demand the Greeks really do something this time.

So the German government keeps paying, and the German people see their hard-earned tax dollars going to benefit strangers in another country – strangers who appear to have a relaxed lifestyle, now at the expense of the German workers.

The EU is trying to force Germany to bail out Greece to keep the union intact.

I would not be surprised to see Germany back out of the European Union.

Meanwhile, over in Greece – they say they don't want the money. They would rather default, rather declare bankruptcy and wipe the slate clean, than take on more burdensome debt and be forced to change their standard of living.

The EU is trying to force Greece to take the bailout money to keep the union intact.

Don't be surprised to see Greece back out of the European Union as well.

Then, of course, there's Portugal, Italy, and Spain. All have problems similar to Greece's. All have taken bailout money. And all are on the verge of needing another bailout.

They had a good run, time to say bye bye to the eurozone