Courtesy of Mish
It will be interesting to see how long it takes for Italian government debt yields to take out the spike high right before Trichet interfered in the Italian bond market. On the interference, yields tumbled across the board, but Greek and Italian bond yields have already made new highs.
Greece 2-Year Government Bonds
Ireland 10-Year Government Bonds
Italy 10-Year Government Bonds
Spain 10-Year Government Bonds
The Bloomberg charts are inaccurate but the current yield information is accurate.
On July 12, Italian yields broke above 6% before Trichet stepped in to buy Italian government debt. How long will it take before yields hit 6% again?
