Contagion

It looks like Portugal is coming to the plate, with Spain on deck:

Portugal
2-Year: 797 basis point spread over US Treasury
5-Year: 427
10-Year: 363

Spain
2-Year: 260
5-Year: 187
10-Year: 118

By way of comparison, the UK/US spread is 29.2 on the 2yr. The Greek/US spread is around 1840.

Dante’s Inferno cantos XXIV and XXV

http://www.proprofs.com/quiz-school/widget/v2/?id=122065&bgcolor=c1d4ee&fcolor=2b405b&tcolor=2b405b

A short quiz this time. Next week’s reading is cantos XXVI and XXVII.