Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Thursday, November 25, 2010
Chaos In Irish 10-Year Bonds: At Highest Ever Since Euro Created in 1999
At 10.28am, the yield was at 8.996%, up 0.132%, near the highest since before the euro was introduced in 1999.
The spread to the bund was 629.2 points.
10-year bonds:
Ireland's jobless rate:
Update 10:30AM: New high reached at 3.07pm local time: the yield was at 9.053%, up 0.189%. The spread to the bund was 634.7 points.
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