mpc: 5
Sovereign bond spreads between some euro countries, for example Germany and Italy, had
widened a little following the recent referenda in France and the Netherlands on the European Union
Constitutional Treaty. Despite some volatility in recent weeks, there had been a rise in credit spreads
on investment and high-yield bonds since January in the United States, the euro area and the United
Kingdom. But credit spreads remained lower than they were a year earlier. There had been no
significant changes in emerging market bond spreads over the past month.
Make a comment: