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

Tuesday, September 20, 2011

Europe Update

by Calculated Risk on 9/20/2011 04:48:00 PM

From Bloomberg: Greece Loan Talks Resume After ‘Productive’ First Meeting

Greek Prime Minister George Papandreou’s government held a second round of talks with its main creditors today ... call started at 9 p.m. Greek time [2 PM ET].

Papandreou will chair a Cabinet meeting at 11:30 a.m. Athens time tomorrow to discuss the content of the talks with the so-called troika team, which comprises the European Union, European Central Bank and International Monetary Fund.
There should be an announcement later tonight or tomorrow morning.

The Greek 2 year yield was up to 64.2%. The Greek 1 year yield is at 130%.

The Portuguese 2 year yield is up to 17.3% and the Irish 2 year yield was down to 9.3%.

The Italian 10 year yield was up to 5.7% following the downgrade.

Here are the links for bond yields for several countries (source: Bloomberg):
Greece2 Year5 Year10 Year
Portugal2 Year5 Year10 Year
Ireland2 Year5 Year10 Year
Spain2 Year5 Year10 Year
Italy2 Year5 Year10 Year
Belgium2 Year5 Year10 Year
France2 Year5 Year10 Year
Germany2 Year5 Year10 Year