European Bond Yields 3/26/12

10-Year Yields:
Greece 20.44%
Portugal 11.64%
Hungary 8.94%
Spain 5.35%
Italy 5.08%
Belgium 3.32%
France 2.94%
Netherlands 2.50%
U.K. 2.28%
U.S. 2.25%
Germany 1.92%

Hungary finally receiving the attention it deserves as it inches towards 9%. It needs an IMF loan but governmental politics appear to be playing a big role in the current drama. The Hungarian government has lowered its growth projections for this year and hopes to avoid recession. Perhaps we all will learn more about Hungary in the coming days and weeks.  The Portugal yield was knocked back down probably by ECB intervention, the other troubled nations are moving flat although Italy jumped 8 bips since yesterday after teasing the 5% level.

The yields for the safer haven countries are flat to up over the last day as some money moves out of bonds into the markets chasing the Chairman Bernanke End of Q1 Pump Rally.  Hungary, Italy, Portugal and Spain require watching, a HIPS acronym, so most male traders will not find it difficult to watch the hips. Instead of Hunger Games, the blockbuster cinema release, traders should focus on Hungary games.