CHINA / ECB / UK / SPAIN : 06 July UPDATE: C.Banks Gang Bang Interest Rates To Boost Sagging World Economy; Madrid 10 Year Hits 7%!; German 2 Yr With Negative Yield!

   LINK CHANGE:
http://www.bloomberg.com/news/2012-07-06/german-note-yield-falls-below-zero-on-economy-before-u-s-jobs.html


      During a 45 minute span...2 major central banks cut interest rates...and the UK increased bond buying...to boost a badly faltering world economy.
     In China, the UK and Frankfurt...the steps pushed average developed economies interest rates to a low of 0.48%.
     Kenya and Denmark also joined the rate cutting.
     Most markets yawned over the news...and many dropped. 
     In the aftermath...for only the 5th time in history...Spain's 10 year bond briefly climbed past 7%...while Germany's 2 year bond dropped BELOW zero.