European Bond Yields 1/25/12

U.K. growth is slow with weak GDP numbers so lots of talk of BOE quantitative easing is on tap moving forward. 

10-Year Yields:
Greece 33.37%
Portugal 14.61%
Italy 6.30%
Spain 5.47%
Belgium 4.00%
France 3.20%
U.K. 2.16%
U.S. 2.05%
Germany 1.97%

Portugal jumped almost 50 basis points in the last 24 hours.  There is a problem in Portugal but no one is paying any attention. Italy yield is 15 basis points higher over the last day. Italy bond auctions will be important this time tomorrow morning. Belgium on the verge of moving under 4%. France is inching up slowly each day now at 3.20% approaching that 3.30% that signals uneasiness.  Germany moving towards 2% after the journey under 1.80% days prior.

AAPL earnings last night hit a homerun so the equities markets were happy but over the last hour the U.S. futures are leaking lower. The FOMC decision and conference, housing data, Davos news, oil inventories, 5-year note auction and of course earnings all add to the drama today.