European Bond Yields 2/28/12

Italy 10-year yield dropped since yesterday now at 5.35%.  Spain dropped under the 5% level briefly, now at 5.00%.  France popped up over 3% briefly, now at 2.95%. The two main concerns are Portugal and Hungary.  Portugal moved up another ten basis points yesterday, now at 12.79% approaching 13%. Hungary jumps 20 basis points since yesterday to 8.86%, now only 14 bips from 9%, but the media ignores Hungary, for now. Money continues to seek safety in Germany with the 10-year yield now at 1.84%.