"The bailout fund might need a bailout," says Gary Jenkins, pointing to the widening spread of...

|By:, SA News Editor

"The bailout fund might need a bailout," says Gary Jenkins, pointing to the widening spread of EFSF paper to German debt - now at 151 basis points vs. about 50 when issued. The reduction and then postponement of a €5B bond sale (to fund Ireland's rescue) last week adds to worries the bazooka is being shut out of capital markets.