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"It is pure risk aversion that is pushing spreads higher".
The markets pushed spreads on Greek bonds over their German equivalents to record highs.
They noted an absence of detail, a heavy reliance on hoped-for new revenues and talk of public-sector pay rises in 2010 and, warned by a credit downgrade by Standard & Poor's, pushed spreads wider still (see article).By Greek standards Mr Papandreou has been courageous, but he should have been braver still.
Third, as we multiply the parties, and multiply the leaders, we will push to spread tools that anyone can use to learn, spread, and teach the message.
The push to spread "Academy" autonomy to schools had become a weird dogma, which risked depriving youngsters of exactly the kind of help they needed to make the difficult journey from the world of education into the world of work.
Then came gun advocates' long political push to spread concealed carry.
And with success in Colorado and elsewhere, that legalization push is spreading across the country.
Stocks fell earlier as Spanish bonds declined for a third day, pushing the spread between yields on 10-year Spanish and German debt to more than 400 basis points for the first time since Dec. 12.
(Facebook has a similar and parallel push around spreading access to connectivity with its Internet.org initiative — albeit that's come under fire for limiting the services users can access).
Reportedly, however, Cypriot officials didn't want to risk abandonment by foreign investors, and they pushed to spread the pain to smaller depositors.
That pushed swap spreads (and some Aaa credit spreads that follow them) to the worst levels in a dozen years.
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