Tuesday, November 15, 2011

PIIGS Fly


Their bond yields, that is. Here they are, in order of increasing risk. [n.b.--Portugal and Ireland have already gotten their bailouts, so they are replaced below by France and Belgium.]


Yields on 10-year sovereign bonds:

France: on the way to 4%, supposedly a triple-A credit.

Belgium: no government, no Med coastline,
now pushing 5%.

Spain: catching up quickly, now over 6%.

Italy: red-lining over 7%.

Greece: in a league of its own.


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