Europe Debt Crisis Abates As Traders Expect Yield Spreads To Narrow
Four months after a European Union-led bailout, the worst is probably over for the region’s most-indebted nations, as traders expect yield spreads to narrow. Yields on government bonds of Greece, Spain, Ireland and Portugal will likely
fall to within 2.2 percentage points of benchmark German bunds on average within the next two years from 4.61 percentage points last week based on consensus forecast. Traders are confident that austerity measures undertaken by these countries will be enough to damp speculation that the euro is in jeopardy of falling apart.
Tracking The World Economy... - 20/09/2010
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