Tag Archives: European borrowing costs

European Yield Barometer Tainted by ECB

Posted on August 16, 2012 by

Over the past week, the yield on ten-year Spanish debt dropped from over 7.00% to a low of 6.60%.  The yield on Italy’s debt dropped from over 6.00% to 5.78%.   That is great news, right?  It means that Europe … Continue reading →

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Vote of No Confidence for Draghi

Posted on August 2, 2012 by

After Mario Draghi’s impassioned guarantee to do “whatever it takes to save the euro,” equity markets around the globe initially rose in eager anticipation of the breathtaking new plan to rescue the troubled European sovereign debt markets. Unfortunately, today’s announcement … Continue reading →

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Yields Soar in Italy and Spain

Posted on July 23, 2012 by

Borrowing costs in Italy and Spain continue to be reliable barometers for the status of the European Debt Crisis.  If Italy and Spain lose access to the credit markets, the house of cards would finally come tumbling down.  As I … Continue reading →

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