2010-08-23ft.com

``The 10 year German/Irish bond-yield spread appeared on Monday to be racing back towards the levels last seen in May — before the European Union’s €750bn bailout package for troubled sovereigns was announced... BNY Mellon’s global markets research noted on Monday that there’s been a general ’substitution’ of eurozone periphery bonds for German debt in the last week, with the only real exception to the trend being Greek sovereign debt.''



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