The FT have a useful information page which gives the 10 year interest rate on government debt.
The rates are particularly low in the Eurozone apart from Greece at the moment. The UK is also particularly low.
I will extract the current figures for future reference:
The end result of these, however, is essentially that Greece is no longer in a position where it can borrow money from people generally (aka the Markets) at a low interest rate. If someone was willing to lend Greece some money at a lower rate then it becomes possible.
The rates are particularly low in the Eurozone apart from Greece at the moment. The UK is also particularly low.
I will extract the current figures for future reference:
Ten year government bond spreads
Country
|
Latest yield
|
Spread vs bund
|
Spread vs T-bonds
|
|---|---|---|---|
Australia
| 2.43% | +2.08 | +0.70 |
Austria
| 0.46% | +0.10 | -1.28 |
Belgium
| 0.66% | +0.30 | -1.08 |
Canada
| 1.36% | +1.01 | -0.37 |
Denmark
| 0.47% | +0.12 | -1.26 |
Finland
| 0.41% | +0.05 | -1.33 |
France
| 0.58% | +0.23 | -1.15 |
Germany
| 0.36% | -- | -1.38 |
Greece
| 10.48% | +10.12 | +8.74 |
Ireland
| 1.15% | +0.79 | -0.58 |
Italy
| 1.64% | +1.29 | -0.09 |
Japan
| 0.28% | -0.08 | -1.45 |
Netherlands
| 0.43% | +0.07 | -1.31 |
New Zealand
| 3.20% | +2.84 | +1.46 |
Portugal
| 2.38% | +2.02 | +0.65 |
Spain
| 1.44% | +1.09 | -0.29 |
Sweden
| 0.71% | +0.35 | -1.03 |
Switzerland
| -0.02% | -0.38 | -1.75 |
UK
| 1.43% | +1.07 | -0.31 |
US
| 1.73% | +1.38 | -- |
The end result of these, however, is essentially that Greece is no longer in a position where it can borrow money from people generally (aka the Markets) at a low interest rate. If someone was willing to lend Greece some money at a lower rate then it becomes possible.
Comments