European Bond Yields 1/4/12

Here are the 10-year yields ahead of Germany's debt sale.

10-Year Yields:
Italy 6.90%
Spain 5.40%
Belgium 4.28%
France 3.31%
U.K. 2.06%
U.S. 1.97%
Germany 1.93%

France remains under 7%. Note the big jump in Spain, a 25 to 30 basis point increase over the last day. France remains over 3.3%.  In November, Germany had trouble moving the debt with 35% unsold so all eyes are on Germany right now. The drama is minutes away.