Global stock markets have, overall, reached new highs. And credit markets show low spreads, while long term bond yields have fallen in most advanced economies.

Noting the increasing voluntary use of collective action clauses in sovereign bond contracts by both developing and developed countries,

Mr. Bond! Mr. Bond! Mr. Bond!

Interest rate spreads on Italian sovereign debt have widened, but not sharply. External investors may not be rushing for the exits, but they are not piling in, either.

Bond. James Bond.

Bond. James Bond.

Bond? James Bond?

Many homebuilders are near bankrupt, as are some hedge funds and other highly leveraged institutions. Even in the US corporate sector, defaults will rise, owing to sharply higher corporate bond spreads.

In 2003, Mexico successfully issued new bonds which included CACs without incurring an increase in spreads, thus paving the way for a more frequent inclusion of CACs in emerging market bond issues.

All of this has underpinned a much welcome calm in financial markets. Sovereign interest rate spreads have been well behaved, the euro has strengthened, and equity markets have risen robustly.

So the information spreads.

That's what spreads HIV.

SPREADS TO PUBLIC CORPORATION

My name is Bond, Jamal Bond.

James Bond. Oh, yes, Mr Bond.

The Chinese restaurant model spreads.

Under the OMT program, the ECB can replace foreign outflows from sovereign bond markets through direct purchases, putting Spain on par with non eurozone countries like the United Kingdom. And, to the extent that there is even an informal price target associated with the ECB s commitment to purchase bonds, foreign outflows, at least from the sovereign bond market, are automatically replaced, in full, with ECB cash.

Anything that we do spreads ripples.

Manhattan no longer spreads its infinity.

Bond

Bond

Bond.

MAN ON MEGAPHONE Ahoy, Mr. Bond. Ahoy, Mr. Bond.

But the main beneficiary would be Germany. And, in order for the euro to fall far enough, the risk of default in Greece would need to be so large, and the contagion to sovereign spreads of PIIGS so severe that the widening of those spreads would cause a double dip eurozone recession before currency depreciation could yield benefits.

Who continues to maintain a large nuclear arsenal and even spreads I say, spreads nuclear weapons outside its own borders?

Thus, the recent problems faced by Greece are only the tip of a sovereign debt iceberg in many advanced economies (and a smaller number of emerging markets). Bond market vigilantes already have taken aim at Greece, Spain, Portugal, the United Kingdom, Ireland, and Iceland, pushing government bond yields higher.

Depression Worldwide Unemployment spreads in all nations.

If the fire spreads, flood the magazines.

Bond offering

Bond Labels

Bond length

Bond number

Bond order

Bond Radius

Bond Order

Bond Length

Bond Angle

Bond Length

Draw Bond

Add Bond

Delete Bond

Bond Paper

Bond 5,000.

Mr. Bond.

James Bond.