Irish – German 10 Year Government Bond Yield Spread Widens To Record High
After Standard & Poor’s cut Ireland credit rating down one notch from AA to AA- (with negative outlook) the Irish – German 10 year government bond yield spread widened to record high 330 bps.
Bloomberg story on Ireland downgrade: Ireland’s Credit Rating Cut by S&P on Costs of Bank Aid.
Chart 1. Irish – German 10 Year Government Bond Yield Spread