Friday, December 17, 2010

Moody's Cuts Ireland's Debt Rating by 5 Notches Baaa. Not only did Moody's remove Ireland's A status but it continues a negative outlook on the debt, an indication that a further downgrade is quite possible.

The yield spread on Irish bonds over German Bunds is now 551 basis points.

1 comment:

  1. Importantly, Bund yields themselves have been rising for several months.