Sovereign Interest Rate Spreads
The Sovereign market is the bond market for different countries' bonds. The "Spread" is the difference in bond yields (interest rates) - here, the spread from Germany means the extra interest above that required of a German Bond. Very Interesting ...
We've been watching these bonds in our classes - the PIIGS: Portugal, Ireland, Italy, Greece, and Spain (with the UK not far behind, but not part of the Euro). The U.S. is not in these leagues, at least not yet. From the Economist Magazine linked here .
We've been watching these bonds in our classes - the PIIGS: Portugal, Ireland, Italy, Greece, and Spain (with the UK not far behind, but not part of the Euro). The U.S. is not in these leagues, at least not yet. From the Economist Magazine linked here .
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