According to Bloomberg, the 10-year yield is up 22 bps on the day. On the other hand, 4.65% doesn't look like an interest rate that a sovereign basket case can escape with paying.
Interesting also that FT Alphaville didn't pick up and run with what was the mainstay of their stock in trade only a few weeks ago.
--------------------------------
3 Comments:
4.65% because it is "guaranteed" by the ECB. For no other reason.
Bond markets are virtually closed to Spanish companies.
Death to the Spain economy, as we currently know it, is unfortunately, very near. Hopefully, it will drag down this perverse political system Spain endures as well.
But that this will be painful, it will.
With all due respect, your explanation doesn't make clear why the Greece 10-year is currently yielding 9.57% in the secondary market and the Portuguese, 5.41.
I think the explanation is SIZE and TIME.
Post a Comment