Tuesday, August 24, 2010

S&P Cuts Ireland's Rating, Outlook Negative

by Bill McBride on 8/24/2010 05:32:00 PM

From MarketWatch: S&P downgrades Ireland on financial sector cost

The 10-year Ireland-to-German bond spread has risen to 318 bps, and is now above the peak during the European crisis in May. The peak in May was 306 bps.

The 10-year Greece-to-German bond spread is now 885 bps, just below the peak level of 963 bps in May.