by Bill McBride on 4/27/2010 08:24:00 AM
Tuesday, April 27, 2010
Greek government debt yields increased again this morning (ht Mike), from Bloomberg:
From Bloomberg: Portugal Suffering Greek Contagion Pressures EU Bonds
With a higher debt burden and a slower 10-year growth rate than Greece, Western Europe’s poorest country is being punished by investors as the sovereign debt crisis spreads. ... Portugal’s credit default swaps show investors rank its debt as the world’s eighth-riskiest, worse than for Lebanon and Guatemala.From Bloomberg: Greece Bond Losses to Be ‘Significant,’ Buiter Says
Greece is likely to default or inflict “significant” losses on bondholders unless it receives more generous terms on its planned aid package, according to Willem Buiter, chief economist at Citigroup Inc.
Posted by Bill McBride on 4/27/2010 08:24:00 AM