Spain and Italy Government Bond Spreads Hit Hard
Spain, Italy and Ireland at new record highs. Markets in panic mode.
I don’t see any other way how this could be reversed (meltdown prevented) except ECB bond purchases.
Chart 1. Spain vs. Germany 10 Year Government Bond Yield Spread
Chart 2. Italy vs. Germany 10 Year Government Bond Yield Spread
Chart 3. Ireland vs. Germany 10 Year Government Bond Yield Spread
Chart 4. Portugal vs. Germany 10 Year Government Bond Yield Spread
Chart 5. Greece vs. Germany 10 Year Government Bond Yield Spread