Portugal continues to blow out, now only 10 basis points from 14%. Hungary is the beach ball that cannot be kept underwater, with yield popping again. Spain is moving upwards, now up and over 5% although Italy is managing to stay sub 5%, for now. France moved up 8 bips from yesterday, now at 2.88%, moving towards 3% once again.
While the Greece drama continues to play out and will come to a head Thursday and Friday, Portugal, Hungary and Spain are signaling trouble ahead.
10-Year Yields:
Greece 36.54%
Portugal 13.90%
Hungary 8.60%
Spain 5.04%
Italy 4.97%
France 2.88%
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