by Calculated Risk on 9/20/2011 04:48:00 PM
Tuesday, September 20, 2011
Europe Update
From Bloomberg: Greece Loan Talks Resume After ‘Productive’ First Meeting
Greek Prime Minister George Papandreou’s government held a second round of talks with its main creditors today ... call started at 9 p.m. Greek time [2 PM ET].There should be an announcement later tonight or tomorrow morning.
Papandreou will chair a Cabinet meeting at 11:30 a.m. Athens time tomorrow to discuss the content of the talks with the so-called troika team, which comprises the European Union, European Central Bank and International Monetary Fund.
The Greek 2 year yield was up to 64.2%. The Greek 1 year yield is at 130%.
The Portuguese 2 year yield is up to 17.3% and the Irish 2 year yield was down to 9.3%.
The Italian 10 year yield was up to 5.7% following the downgrade.
Here are the links for bond yields for several countries (source: Bloomberg):
Greece | 2 Year | 5 Year | 10 Year |
Portugal | 2 Year | 5 Year | 10 Year |
Ireland | 2 Year | 5 Year | 10 Year |
Spain | 2 Year | 5 Year | 10 Year |
Italy | 2 Year | 5 Year | 10 Year |
Belgium | 2 Year | 5 Year | 10 Year |
France | 2 Year | 5 Year | 10 Year |
Germany | 2 Year | 5 Year | 10 Year |