The key graph, however, is pretty easy to read just below. Just remember that the Y axis is bond yields, thus plus = bad news. Enjoy.
Tuesday 11 May 2010
WE IZ IN UR BOND MARKETS, CONTAGIONIZING UR SOVARAINS
I just came across this study by IMF staff on the patterns of the European debt crisis; I urge everyone to read it if possible.
The key graph, however, is pretty easy to read just below. Just remember that the Y axis is bond yields, thus plus = bad news. Enjoy.
The key graph, however, is pretty easy to read just below. Just remember that the Y axis is bond yields, thus plus = bad news. Enjoy.
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