Irish And Portuguese Government Bond Yield Spreads Keep Worsening
New highs today for Irish and Portuguese 10 year government bond yield spread versus same maturity German. Greece yields off recent highs.
ECB is not managing to put this under control.
Chart 1. Ireland vs. Germany 10 Year Government Bond Yield Spread
Source: Bloomberg
Chart 2. Portugal vs. Germany 10 Year Government Bond Yield Spread
Source: Bloomberg
Chart 3. Greece vs. Germany 10 Year Government Bond Yield Spread
Source: Bloomberg
September 23rd, 2010 at 2:02 am
Is 2013 far enough for PIIGS? 😉
Germany’s Finance Minister Wolfgang Schaeuble Wednesday reaffirmed that Germany will oppose any attempt to prolong the European Financial Stability Facility (EFSF) beyond 2013.
“Anyone who believes that the EFSF will be prolonged beyond three years is putting our trustworthiness at risk,” Schaeuble said in a speech here. “We cannot do that.”
Rather, the time between now and 2013 needs to be used “to create better solutions for the euro,” the Minister said. “Otherwise, it will be difficult to defend the stability of the euro,” he warned.
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November 29th, 2011 at 1:19 am
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