Monday, June 09, 2014 10:47 PM
Spanish 10-Year Bond Yield Lowest Since at Least 1789; Reflections on Absurd Risk Assumptions
Those searching for absurdity in government bonds can find it in a multitude of places.
For example, and via translation from Libre Mercado (courtesy of my friend Bran who lives in Spain) please note Spanish 10-Year Bond Yield is Lowest Since at Least 1789.
For example, and via translation from Libre Mercado (courtesy of my friend Bran who lives in Spain) please note Spanish 10-Year Bond Yield is Lowest Since at Least 1789.
The interest rate offered on the secondary market for Spanish bonds maturing in ten years is at historic lows, below equivalent yield in U.S. treasuries, which has not happened since April 2010.
The evolution of Spanish debt is even more striking when viewed from a broader temporal perspective.
Today the Spanish 10-year bond is the lowest since at least 1789, the year of the French Revolution, as noted in the graph above. This is something unprecedented.
Read more at http://globaleconomicanalysis.blogspot.com/2014/06/spanish-10-year-bond-yield-lowest-since.html#B0p1UT4lQ2gzMed3.99
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