Spanish 10-Year Yield BELOW U.S. 10-Year Yield?

This is something that would have been unfathomable a year ago, or even 6 months ago really.

The Spanish 10-year bond is now trading with a lower yield than US bonds. That means at 10-years, Spain can now borrow money more cheaply than the US can.

Jamie McGeever has the chart which shows the historical spread between 10-year Spanish bonds and US ones.


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