Oh Crap... AUSTRIA?!?

And now we have to start talking about this.

It’s the Austria-German 10-year spread


Photo: Bloomberg

The spread is widening further today, even as Italy improves and markets are rising.

What’s the deal with Austria? Well there have been persistent rumours about a downgrade, but furthermore, Austrian banks are famously exposed to Eastern Europe. And now you see stuff about how Slovenian yields are surging.

Too many fires to put out.

For a good background story on Austrian banks and exposure to Eastern Europe, see this NYT piece from last year.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

austria moneygame-us