Sovereign Bond Yields Sharply Higher in Spain, Italy, Portugal

Posted by Mike Shedlock - Mish's Global Economic Trend Analysis

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sovereign debt Spain 2012-04-04

Sovereign Bond Yields Sharply Higher in Spain, Italy, Portugal   Curve Watcher’s Anonymous has an eye on European sovereign bond yields. In the absence of another huge LTRO program from the ECB, and perhaps even with another LTRO program, yields in Spain, Portugal and Italy should head North. The LTRO is not going to trump long-term fundamentals which are downright horrible.

Here are a few charts to consider.  

Spain 10-Year Yield    

sovereign debt  Spain 2012-04-04

Italy 10-Year Yield  

sovereign debt  Italy 2012-04-04

Portugal 10-Year Yield    

sovereign debt  Portugal 2012-04-04

Charts courtesy of Bloomberg.

 

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
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