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.
Apr. May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb.Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May JuneJuly Aug. Sep. Oct. Nov. Dec.  2009  2011  2010  France  Greece  Italy  Ireland  Spain  Portugal  (1) Updated to 6 December 2011.