Uh, Look At Italian Yields Again

italy pencils

Photo: Wikimedia Commons

7.142%.That’s the yield on the Italian 10-year bond according to Bloomberg.

That number had dipped nicely — below 6% even — in early December. It looked like, perhaps, the ECB, via its liquidity operations, had done enough to get money back flowing through the system in such a manner that some of it would end up Italian debt, but right now that doesn’t look to be so.

Spanish debt is on the march higher as well.

What’s remarkable is how the markets actually don’t seem to care that much — at least the US isn’t too worried, as both the broader market and financials have had a great start to 2012. Even today, the rise in Italian yields is coinciding with an up-day in markets.


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