New New Highs For Irish Government Bond Spreads

Irish spreads reached a new high today an German demands of determining a burden sharing plan on any future bailouts. In short Germany refuses to underwrite all of the peripheral Europe new debt. This raised some restructuring talk in the markets.

In the mean time Ireland is working on a 2011 budget, it remains to be seen whether they can bring down the budget deficit.

Chart 1. Ireland vs. Germany 10 Year Government Bond Yield Spread

This entry was posted on Tuesday, November 2nd, 2010 at 7:56 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player