Reaction details (08:46)
- NE/GE 10s bond yield spread is marginally wider this morning at +0.5bps, whereas other EU bond yield spreads are tighter (IT/GE 10s tighter by 4bps and SP/GE tighter by 2.2bps)
Analysis details (08:46)
- The government this morning said that SNS Reaal is to be nationalized after talks with private investors failed.
- Costs for state of intervention seen at EUR 3.7bln.
- Private parties to contribute EUR 1bln.
01 Feb 2013 - 08:46 - Economic Commentary - Source: Newswires
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