As Spanish bond yields break 7%, the eurozone banking deal begins to unravel
A week ago, Spain secured an advantageous bank deal to drive down soaring bond yields: today, Spanish securities broke the 7% threshold. What’s gone wrong?
A week ago, Spain secured an advantageous bank deal to drive down soaring bond yields: today, Spanish securities broke the 7% threshold. What’s gone wrong?
Tony Dolphin presents his economic update for January 2012.
Are low bond yields good news? Not really: Cormac Hollingsworth explains that, although they can be a representation of belief in a government’s ability to pay back debt, in this case they merely represent the dearth of alternative investment options.