Courtesy of Mish.
Curve Watchers Anonymous has its eye on global interest rates that are heading North practically everywhere.
Spain 10-Year Bond Yields
After hitting a low of just above 4% earlier this year, the yield is now back above 5%.
Italy 10-Year Bond Yields
After falling as low as 4.68% today, the yield close up slightly at 4.86%. The April low was 3.76%.
Germany 10-Year Bond Yields
The yield on the Germany 10-Year government bond is 1.80, up from a year-low of 1.17%.
Thus sovereign rates are up 63 basis points in Germany, but over 100 basis points (a full percentage point) in Spain and Italy.
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