Spain has had much higher interest rates historically. Previous investor panics reflected in 10 year bond yields in 1820, 1831, 1834, 1851,1867, 1872, 1882 and 1936.
Source: Global Financial Data
Interest rates could soon rise to 16% and more if history is any guide.
Geir Solem
elliottwavetechnician.com
Copyright (C) 2012 all rights reserved
Are those real or nominal rates?
ReplyDeleteNominal rates.
ReplyDelete