by Calculated Risk on 11/01/2010 09:12:00 PM

From the Financial Times: Debt costs jump for Dublin and Lisbon(ht Nemo)

Borrowing costs for Ireland and Portugal shot up as investors took fright at European proposals to force them to take a greater share of losses in future state bail-outs. ... The moves ... follow agreement at last week’s European Union summit on a Franco-German proposal on a mechanism to resolve future Greek-style sovereign debt crises.
excerpt with permission

The yield on the Ireland 10-year bonds jumped to 7.1%, and the spread to the German 10-year bonds is at 462 bps - both are new highs. The yield on the Portugal 10-year bonds increased to 6.1%, and Greece 10-year bonds are now yielding 10.7%.