Portuguese 10-Year Government Bond Yield Soars to 13.05%; Italy, Portugal, Ireland, all Fresh New Highs; Focus On the "Unsaved"

http://globaleconomicanalysis.blogspot.com/2011/07/portuguese-10-year-government-bond.html

By now, everyone knows that "Greece is Saved" even though 2-year government bonds are trading today at 28.3%, up from 26.62% at the open.

Let's turn our attention away from Greece to the "Not Saved Yet" group of countries including Spain, Portugal, Ireland, and the big Kahuna, Italy.

Portugal 10-Year Government Bonds - 13.05%



Ireland 10-Year Government Bonds - 12.43%



Greece 10-Year Government Bonds - 16.82%


Spain 10-Year Government Bonds - 5.61%



Italy 10-Year Government Bonds - 5.12%



Please note that 10-year yields in Italy are now approaching 10-year yields in Spain.

Also note that yields are not up across the board in Europe.

Germany 10-Year Government Bonds - 2.93%



Today's Scorecard

Country	Yield	Change	New High	Saved	Spread to Germany
Germany	2.93	-0.08			0
Portugal	13.05	+2.03	Y		10.12
Ireland	12.43	+0.89	Y		9.5
Greece	16.82	+0.30		Y	13.89
Spain	5.61	+0.13			2.68
Italy	5.12	+0.12	Y		2.19

I don't know about you, but I am sure glad "Greece is Saved". I look for equally impressive results when Portugal, Ireland, Spain, and Italy are "saved".