10 Scary Numbers from the Third Quarter

Stock returns might have looked good, but there were plenty of unnerving stats in the latest quarter

Bearemy Glaser 1 October, 2012 | 2:34PM
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The third quarter of 2012 might have been less scary than in years past, but there was still plenty of bad news in the marketplace. Every quarter, I take a look at some numbers that jumped out at me. Here are some notable ones for the most recent three-month period: 

5.9%: Yield on Spanish 10-year bonds. Despite a dip after the European Central Bank's (ECB) pledge to do “whatever it takes” to save the euro, Spanish bond yields are once again near an unsustainable level as the market continues to be sceptical that Europe's plan to save itself will go off without a hitch.

0: Euros worth of bonds purchased under the ECB's new Outright Monetary Transaction plan that is meant to support bond yields of indebted countries. The ECB can't act to bring down Spain's borrowing costs until the Spanish government formally agrees to a bailout from the European Commission, something Spain has been pushing off as long as possible.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Facebook Inc A324.61 USD-5.05Rating
FedEx Corp232.98 USD0.06Rating
Procter & Gamble Co140.83 USD1.08Rating

About Author

Bearemy Glaser

Bearemy Glaser  is the worry-prone alter-ego of Morningstar markets editor Jeremy Glaser. Each week, Bearemy shares what's topping his list of concerns.