With the Euro-bailout operation successfully concluded (for the time being), bond yields among the PIGS have fallen. Meanwhile, the UK's position is inching towards the precipice: bond prices down, yields up, and the situation is as follows - 10-year government bond yields as at 10:00 todayGreece 8.12 %
Portugal 4.87 %
Italy 4.05 %
UK 3.97 %
Spain 3.95 %
So there we have it. No better than PIGS. Finger out, Clegg: ditch Grandpa Cable - he's not needed on this voyage.
ND
2 comments:
Getting tired of Clegg.
Make a decision Mr Clegg. If you make the wrong one it matters not. An opportunity to make another choice will come along very soon.
It's "PIIGGS" actually - Portugal, Ireland, Italy, Greece, Great Britain and Spain.
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