Portuguese 10-Year Government Bond Yield Soars to 13.05%; Italy, Portugal, Ireland, all Fresh New Highs; Focus On the “Unsaved”

Courtesy of Mish

By now, everyone knows that "Greece is Saved" even though 2-year government bonds are trading today at 28.3%, up from 26.62% at the open.

Let’s turn our attention away from Greece to the "Not Saved Yet" group of countries including Spain, Portugal, Ireland, and the big Kahuna, Italy.

Portugal 10-Year Government Bonds – 13.05%

Ireland 10-Year Government Bonds – 12.43%

Greece 10-Year Government Bonds – 16.82%

Spain 10-Year Government Bonds – 5.61%

Italy 10-Year Government Bonds – 5.12%

Please note that 10-year yields in Italy are now approaching 10-year yields in Spain.

Also note that yields are not up across the board in Europe.

Germany 10-Year Government Bonds – 2.93%

Today’s Scorecard

I don’t know about you, but I am sure glad "Greece is Saved". I look for equally impressive results when Portugal, Ireland, Spain, and Italy are "saved".

Mike "Mish" Shedlock

See also: Moody’s Cuts Portugal Debt Four Levels to Junk, Warns of Second Bailout; Reflections on "Political Will"