by Calculated Risk on 9/09/2010 02:29:00 PM
Thursday, September 09, 2010
Here is a look at European bond spreads from the Atlanta Fed weekly Financial Highlights released today (graph as of Sept 7th):
Click on graph for larger image in new window.
From the Atlanta Fed:
Peripheral European bond spreads (over German bonds) have risen since the August FOMC meeting.Note: The Atlanta Fed data is a couple days old. Nemo has links to the current data on the sidebar of his site. The bond spreads have eased slightly over the last couple of days.
Irish and Portuguese bond spreads are currently at all-time highs, while the spread for Greek bonds remains extremely elevated.
Since the August FOMC meeting, the 10-year Greece-to-German bond spread has risen by 146 basis points (bps) ... through September 7. Similarly, with other European peripherals’ spreads, Portugal’s is higher by 99 bps during the period, and Spain’s is up by 20 bps.
Note: A big story today was the report that Deutsche Bank is seeking to raise 9 billion euros.
Posted by Calculated Risk on 9/09/2010 02:29:00 PM