With most of the attention during the past few weeks focused on the Greek debt situation, other sovereign borrowers have started wondering whether they might be next.
The chart below, courtesy of Agora Financial’s 5 Min Forecast, places the Greek malaise in a global context. The other PIIGS countries obviously feature prominently, but the US’s three-year funding requirements are on par with the likes of Spain and Portugal.
Any long-term bulls on the US dollar and long-dated Treasuries?
Source: Agora Financial’s 5 Min Forecast, May 12, 2010.
