European peripherals

New Euro Area Public Finance Figures Released

April 26, 2011

All markets are again open following the Good Friday/Easter holiday break.  Today is the 25th anniversary of the Chernobyl nuclear accident near Kiev. Commodity price gains have been trimmed following their sharp run-up in recent days.  Gold at $1505.20 per ounce is 0.9% below yesterday’s peak of $1518.32.  Oil is off 0.2% at $112.03 per […] More

Bond Yields, Debt Supply, and Inflation

April 19, 2011

The ten-year bond yields in the United States, Germany, Britain, and Japan remain low despite higher inflation and rising concern about the sustainability of excessive fiscal deficits and debt.  Bond spreads have not shifted materially among these four advanced economies, either. The table below compares the current sovereign ten-year yields to period averages since 1990. […] More