Monday, May 23, 2011
..And they all rolled over and one fell out
Belgium’s Debt Outlook Revised to Negative by Fitch
"Belgium had the outlook on its debt rating lowered to negative at Fitch Ratings, which joined Standard & Poor’s in saying that political deadlock complicates efforts to cut the euro area’s third-highest debt load". The extra yield investors demand to hold Belgian 10-year bonds instead of German equivalents widened to as much as 127 127 basis points earlier today, the highest level in more than four months (a bad sign).
Posted by alan @ 10:51 PM (1192 views)
3 thoughts on “..And they all rolled over and one fell out”
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general congreve says:
A bad sign? I suppose it depends how you view the effects of collapsing international bond markets.
Crunchy says:
You look ruffled Bond, please, take a seat.
Your next assignment……… Are you up to it?
uncle tom says:
At the very heart of of europe lies a small nation that has come to believe that if it abandons the responsibilities of government, other nations will do it for them..
..how utterly pathetic!