Update 3:49 PM Wednesday June 13: As if on cue, after this article was posted rating agency Egan-Jones cut its rating on the sovereign debt of Spain from B to CCC+!
The answer, as the chart shows, is not much! Adding to the turmoil is weakness in the sovereign debt of Italy along with the upcoming elections in Greece this Sunday.
Spain 10-year sovereign bond
Italy 10-year sovereign bond
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