(1) Percentage change of the six-month moving sum with respect to the year-earlier period.
24  BIS central bankers' speeches  Figure 7  10-year government bond yield differentials with respect to Germany in 2009-11 (1) (basis points) 1.700 1.600 1.500 1.400 1.300 1.200 1.100 1.000 900 800 700 600 500 400 300 200 100 0  Greece  Portugal  Ireland  Italy  Spain  France  1.700 1.600 1.500 1.400 1.300 1.200 1.100 1.000 900 800 700 600 500 400 300 200 100 0  Jan. Feb.Mar.