Italy 10-Year Government Bond Yield
Italy 2-Year Government Bond Yield
Germany 10-Year Government Bond Yield
Germany 2-Year Government Bond Yield
European Sovereign Debt Spread Table 10-Year Bonds
| Country | 10-Yr Yield | Spread vs. Germany |
|---|---|---|
| Germany | 1.82 | 0.00 |
| France | 3.05 | 1.23 |
| Belgium | 4.38 | 2.56 |
| Spain | 5.58 | 3.76 |
| Italy | 6.37 | 4.55 |
| Ireland | 8.21 | 6.39 |
| Portugal | 11.88 | 10.06 |
| Greece | 26.77 | 24.95 |
European Sovereign Debt Spread Table 2-Year Bonds
| Country | 2-Yr Yield | Spread vs. Germany |
|---|---|---|
| Germany | 0.40 | 0.00 |
| France | 1.08 | 0.68 |
| Belgium | 2.69 | 2.29 |
| Spain | 4.25 | 3.85 |
| Italy | 5.46 | 5.06 |
| Ireland | 9.19 | 8.79 |
| Portugal | 20.14 | 19.74 |
| Greece | 97.97 | 97.57 |
Inquiring minds might be interested in what European spreads look like over time. Chris Puplava at Financial Sense graciously put together a few charts at my suggestion that shows this action. Thanks Chris!
10-Year Spreads vs. Germany Over Time
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Recent Record Highs: Italy, Belgium, France
1-Year Spreads vs. Germany Over Time
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Recent Highs: Portugal, Italy, France, Belgium, Spain
Note: Portugal does not have 1-year bonds. 2-year bond yield substituted
10-Year Minus 2-Year Yields, by Country
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That massive inversion in Portuguese bonds with the 10-Year bond yield at 11.88% and the 2-year bond yield at 20.14% is a sign Portugal may blow sky high any time. Ireland recovered from a similar setup, Portugal failed to do so.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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