10-year bonds:
Spain - 6.81% yield
Italy - 6.28%
Source: BBC News - Spain borrowing costs hit euro-era record high
Spain - 6.81% yield
Italy - 6.28%
Source: BBC News - Spain borrowing costs hit euro-era record high
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"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell -
Minus 100% yield when they default.Originally posted by AtW View PostGuy Fawkes - "The last man to enter Parliament with honourable intentions."Comment
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Which based on the source of the Spanish bail-out is a real possibility as the 100bn euros has to be given priority over all other government debt.Originally posted by Alf W View Postmerely at clientco for the entertainmentComment
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I would stick to mail order brides - you might get a sh4g out of them. Unlike sovereign debt where you will get sh4gged.Originally posted by AtW View PostComment
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Because unlike UK countries in euro zone can't print money to keep rates artificially low so they have to either earn them or proper borrow.Originally posted by Doggy Styles View PostComment
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These yields are getting too high, Germany will end up insuring the debt and the yields will come down averting the crisis.Originally posted by AtW View PostComment
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Which would give you a tidy profit as you'll be able to sell your bonds at a higher price.Originally posted by aussielong View PostI'm alright JackComment
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No. It's because, unlike the UK, Spain and Italy debt is high risk. People won't lend them money unless they get a higher return to cover that risk.Originally posted by AtW View Post
HTH.Comment
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