PIGS Spreads Update
Spreads tighter…
Greek bonds a bargain at 130% debt to GDP….
Chart 1. Ireland vs. Germany 10 Year Government Bond Yield Spread
Chart 2. Portugal vs. Germany 10 Year Government Bond Yield Spread
Chart 3. Greece vs. Germany 10 Year Government Bond Yield Spread
Chart 4. Spain vs. Germany 10 Year Government Bond Yield Spread