European Bond Spreads Remain Elevated

| September 9, 2010

The Atlanta Federal Reserve reported that European bond spreads remain elevated, with Irish and Portugese spreads near all-time highs and Greek, Italian and Spanish spreads slightly below the highs from earlier this year.

These spreads have been moving higher during the past month, reflecting growing market concern with sovereign credit risk in Europe. It will be important to continue monitoring these trends as global stock markets hold near key support levels of long-term topping formations that have been developing since the end of last year.

Category: Commentary, Market Update

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