Nick Nasad
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Great Graphic: Bond Yields at Pre-Crisis Levels in Euro-Zone Periphery

Here's an interesting graphic which shows that the Euro-zone recovery is having a positive impact on bond yields in the periphery (Italy, Spain, Portugal, Ireland).

While growth is still lackluster, as the right hand panel shows at least it is positive. Lower yields should help businesses and households as borrowing costs are lower, and should ease pressure on governments as they issue debt at lower cost as well.