Email of the day (1)
Comment of the Day

July 29 2011

Commentary by Eoin Treacy

Email of the day (1)

on Cypriot CDS spreads:
"Please can you add Cypriot Government Bonds to the chart library? Apparently they are applying to join the PIGS Club!"

Eoin Treacy's view Thank you for this suggestion, however I'm afraid Bloomberg does not produce a generic ticker for Cypriot government bond yields probably due to the market being fairly thin. I have added the CDS spread on Cypriot bonds which as you point out is surging higher and highlights the fact that this crisis remains unresolved. The Cypriot stock market has now fallen below its 2009 low and a sustained move above 1000 would be required to question potential for additional downside.

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