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Jan-1990<br />
Apr-1991<br />
Jul-1992<br />
Oct-1993<br />
Jan-1995<br />
Apr-1996<br />
Jul-1997<br />
Oct-1998<br />
Jan-2000<br />
Apr-2001<br />
Jul-2002<br />
Oct-2003<br />
Jan-2005<br />
Apr-2006<br />
Jul-2007<br />
Jan-1990<br />
Jan-1991<br />
Jan-1992<br />
Jan-1993<br />
Jan-1994<br />
Jan-1995<br />
Jan-1996<br />
Jan-1997<br />
Jan-1998<br />
Jan-1999<br />
Jan-2000<br />
Jan-2001<br />
Jan-2002<br />
Jan-2003<br />
Jan-2004<br />
Jan-2005<br />
Jan-2006<br />
Jan-2007<br />
Sharp drop in borrowing costs and the disappeared spreads<br />
10 yr gov't bond yields (%)<br />
10 yr gov't bond yields (%)<br />
16<br />
14<br />
12<br />
Greece<br />
Ireland<br />
Italy<br />
Spain<br />
16<br />
14<br />
12<br />
France<br />
Germany<br />
10<br />
8<br />
6<br />
4<br />
Portugal<br />
Austria<br />
Belgium<br />
France<br />
Germany<br />
Lux'g<br />
10<br />
8<br />
6<br />
4<br />
Italy<br />
Japan<br />
UK<br />
2<br />
0<br />
NL<br />
Finland<br />
2<br />
0<br />
US<br />
Source: OECD online database with author’s elaboration.
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