The bond markets, worried that Ireland’s political situation could upset bailout plans and fearing contagion to other euro zone countries, sent bond spreads soaring and demand for U.S. 10-year Treasuries and German government bonds rising on Friday.
According to reports from the Financial Times and ThomsonReuters, yields and spreads were as follows at market close on Friday, Nov. 26:
|
Bid |
Spread vs. |
Spread vs. |
Ireland |
9.37% |
+6.63 |
+6.50 |
Portugal |
7.17% |
+4.43 |
+4.30 |
Spain |
5.21% |
+2.47 |
+2.34 |
Greece |
11.89% |
+9.15 |
+9.02 |
U.S. |
2.87% |
+0.13 |
— |
Germany |
2.74% |
— |
-0.13 |