If there was no risk of default, then government bond yields would all be the same. Instead, please follow this progression of current yields on 10-year government debt.
click on any chart to see a sharper image
Germany 3.237%

France 3.615%

Belgium 4.23%

Italy 4.731%

Spain 5.455%

Portugal 7.41%

Ireland 9.148%

Greece 11.859%

In spite of all the yapping by ECB president Jean-Claude Trichet and others, the European sovereign debt crisis remains near its most stressed levels, and the above set of charts proves it.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List
vince young under armour high school football game 2011 tom bradley tiffany rubin three kings day
Keine Kommentare:
Kommentar veröffentlichen