Courtesy of Mish.
Those wondering when the yield on Spain’s 2-year government bond would exceed 7% now have an answer. Today is the day.
Note: the lines on the charts below reflect yesterday’s close. The numbers in green accurately reflect today’s price movements.
Spain 2-Year Government Bond Yield
Of further interest please note the inversion at the long end of the curve. The yield on 5-year treasuries now exceeds that on the 10-year treasury.
Spain 5-Year Government Bond Yield
Spain 10-Year Government Bond Yield
Synopsis
2-Year Yield + 36.5 basis points to 7.007%
5-Year Yield + 12.5 basis points to 7.717%…
