Tuesday, September 07, 2010

European Bond Spreads

by Bill McBride on 9/07/2010 09:03:00 AM

After the WSJ story last night on the European stress tests, here is an update on a few European bond spreads:

  • The 10-year Ireland-to-Germany bond spread has risen to 376 bps. This spread is larger than during the financial crisis in May when the spread peaked at 306 bps.

  • The 10-year Greece-to-Germany bond spread is now 946 bps, just below the peak level of 963 bps in May.

  • The 10-year Portugal-to-Germany bond spread is now 351 bps, just above the peak in May of 349 bps.