We analyze the analytic properties of e -vacuum in QCD and its connection with spontaneous symmetry breaking of CP symmetry. A loss of analyticity in the e -vacuum energy density can only be due to the accumulation of Lee-Yang zeros at some real values of e . In the case of first order transitions these singularities are always associated to ∧ cusp singularities and never to ∨ cusps, which in the case e = 0 are incompatible with the Vafa-Witten diamagnetic inequality. This fact provides a key missing link in the Vafa-Witten proof of parity symmetry conservation in vector-like gauge theories like QCD. The argument is very similar to that used in the derivation of Bank-Casher formula for chiral symmetry breaking. However, the ∧ behavior does not exclude the existence of a first phase transition at e = /, where a ∧ cusp singularity is not forbidden by any inequality; in this case the topological charge condensate is proportional to the density of Lee-Yang zeros at e = /. Moreover, Lee-Yang zeros could give rise to a second order phase transition at e = 0, which might be very relevant for the interpretation of the anomalous behavior of the topological susceptibility in the CP 1 sigma model.