Government Bond Markets Around The World Are Burning

Thursday, June 20, 2013
By Paul Martin

MATTHEW BOESLER
BusinessInsider.com
June 20, 2013

Government bonds are selling off worldwide again today as Treasury yields rise – driven by expectations of Federal Reserve tapering of monetary stimulus – making U.S. bonds more attractive to others on a relative basis.

The worst performers in the developed world are, once again, some of the riskiest sovereign credits:

Greek 10-year yields are up 56 basis points to 10.45%
Portuguese 10-year yields are up 33 basis points to 6.30%
Spanish 10-year yields are up 30 basis points to 4.81%
Italian 10-year yields are up 27 basis points to 4.52%
However, core countries in the eurozone and other European safe havens are getting hit too:

French 10-year yields are up 12 basis points to 2.22%
German 10-year yields are up 9 basis points to 1.65%
Swiss 10-year yields are up 18 basis points to 0.90%
Swedish 10-year yields are up 14 basis points to 2.13%

The Rest…HERE

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