Wednesday, August 25, 2010

Summary and European Bond Spreads

by Calculated Risk on 8/25/2010 10:51:00 PM

  • The 10-year Ireland-to-German bond spread has risen to 344 bps, up from 318 bps yesterday. This spread is larger than during the financial crisis in May when the spread peaked at 306 bps.

  • The 10-year Greece-to-German bond spread is now 926 bps, just below the peak level of 963 bps in May.

  • The MBA will release the Q2 2010 National Delinquency Survey (NDS) at 10 AM ET. I'll have a couple of post with graphs and conference call comments.

    And a couple of posts today:

  • New Home Sales declined to Record Low in July

  • And a graph comparing the regional Fed manufacturing surveys and the ISM PMI. This shows why I think the PMI will decline further in August.

    Best to all.