Greek government bond yields have surged to over 16% in recent days. If Germany doesn’t step into to save the Greeks, a default is not out of the question. But the larger problems for Europe are the risk of contagion. Bond yields on other overly indebted euro-area countries are now surging. Portugal is the market’s next target. Yields on short government debt have surged 230 basis points in a matter of weeks.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Cities of the Future - August 17, 2018
- Is Voice Shopping Already Dead? - August 16, 2018
- A $35k House that Makes its Own Water, Grows Food, and Is Energy Self-Sufficient. - August 15, 2018