In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Sunday, November 07, 2010

NY Times on Irish Bond Yields

by Calculated Risk on 11/07/2010 10:23:00 PM

From Landon Thomas at the NY Times: Irish Debt Woes Revive Concern About Europe

The yield on Ireland’s 10-year bond climbed to 7.6 percent on Friday ... Its debt woes have stoked fear that it might even need to follow Greece and request a bailout from the European Union and the International Monetary Fund.
For the moment, at least, that outcome seems improbable. Unlike Greece earlier this year, Ireland has enough cash on hand to allow it to finance government operations through June 2011.
Ireland has until next June to make progress. If Ireland does need a bailout next year, it will probably come from the European Financial Stability Facility (EFSF) - and at rates of around 8%.

  • Summary for Week ending Nov 6th. With plenty of graphs (employment, Fannie/Freddie/FHA REOs, auto sales, etc).
  • Schedule for Week of Nov 7th