Peripheral Europe Bond Spreads Down On Hope Of Increased ECB Bond Purchases

December 1st, 2010 by Belisarius

Looks like meltdown is averted; ECB will probably announce further bond purchases on it’s tomorrows Governing Council meeting.

Portugal managed to sell €500 of 12-month bills at bid-to-cover ratio of 2.5 times despite S&P negative credit watch issued yesterday.

Waiting for another ride in a few months…

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


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This entry was posted on Wednesday, December 1st, 2010 at 8:28 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.

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