European Bond Yields 12/15/11

10-Year Yields:
Italy 6.81%
Spain 5.67%
Belgium 4.46%
France 3.23%
U.K. 2.09%
Germany 1.93%
U.S. 1.88%

Italy 10-year yield keeps drifitng upwards towards 7%, now only 19 basis points away. France is behaving itself staying under 3.3%.  Germany dropped under 2% following the U.S. The U.S. 10-year now losing the 1.90% level. Spanish bond auctions are scheduled for today.