Friday, September 10, 2010

European Bond Spreads



The spread on Greek debt over the German 10-year bond was up to 937 basis points yesterday (Sept. 9), and just a hair below the all-time maximum of 954 bp. The spread on Irish debt was 365 bp, and above the all-time high, whereas its Portuguese counterpart was 343 bp, very close to the maximum.

Why is not the press (or the blogosphere) full of headlines about that this week? The worries are substantial. Perhaps it's not news after all that those countries are going to hell in a handbasket...

1 comment:

rjs said...

i asked the same question myself in my sunday emailing...in april & may i was collecting 5 dozen or more links a week to eurozone news; its been running less than a dozen per week since...