Bloomberg TV: Spanish bond yields increasing; spread between Spanish/German 10 yr widening by 12 basis points so far today.
Portuguese bonds also widening, but only by 9 basis points.
Looks like bond investors are getting concerned with Spain.
After Italy's bad bond auction yesterday, it looks like all of the BIG PIS (formerly PIIGS, but added Belgium) will require bailouts sooner rather than later.
Portuguese bonds also widening, but only by 9 basis points.
Looks like bond investors are getting concerned with Spain.
After Italy's bad bond auction yesterday, it looks like all of the BIG PIS (formerly PIIGS, but added Belgium) will require bailouts sooner rather than later.