Significantly, yields are at fresh new highs for Spain, Italy, Ireland and Portugal.
If by any chance you are wondering whether to believe EU officials or the bond markets, I suggest you believe the bond markets.
The charts below are delayed, but the quotes are accurate. Stress increases in Eurozone.
Spain 10-Year Government Bond Yield
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfIUThC41c_LVldj8myr7rPT-obZ3ssXCyyYoBKG0VdScxqVjl1VDFEEuwyyk_5tZJ2E_T2qMyNAwgy9adkKMWr6oyXnrPedKcpA2H8rkUW_ekOkZajyBdgE93XOhjQyJ6-bZ_hcoUIlE/s400/sovereign+debt++Sapin+2011-06-27.png)
Portugal 10-Year Government Bond Yield
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3yhSxQ5cINWBiZSlQY6jRWFQy0TFkwtUzbGkBVqRgg76Z5PfjndrY4u24mlsOS4gEZVaYfQRxZCWQLKh4aasSYbvYpB68VvNfkuAQ3i0Rzy0IaKfmffP3cJFpJFpixgH10hLbOgASOfc/s400/sovereign+debt++Portugal+2011-06-27.png)
Italy 10-Year Government Bond Yield
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-ktGy4XY9lsfAyBxgoTIg7ipiwRKQ4IDMbFXOpuXOg9ISamCG3heVGieE3m4Dm1cs2LQG1f8NUWFwEVww9uQLmELpD1MfP5fEnBnqrl4cRglq-r0wn5kl8qmddZeVc_b01mPRLi7KRNA/s400/sovereign+debt++Italy+2011-06-27.png)
Ireland 10-Year Government Bond Yield
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbxnRv_Bg55xK_8rwaLEI7yrkXQGj92SENhEKa8u_xkaeh9f3dZEbeevZMXt7l9uz5J5x7CYQRV2JdVUXrbD5SGWNfoSYXQum4RQJGzMD2cGRfKG6SiQDfQ9gJiOe9_4YBgKSN3hne7dc/s400/sovereign+debt++Ireland+2011-06-27.png)
Greece 10-Year Government Bond Yield
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVnnxqiqVMuL2ZzjXkHVp5LbhKZujsx5NjyhXMcS6KIdd-3lkFgL2-8GvA_FaCrYhh2KaCZHcW4m3HJNeWfyyForxZavkdaehNEE2-jJ5LohdGBpyMpelmc1ObKUe_-Epd-BEv38rKpdI/s400/sovereign+debt++Greece+2011-06-27.png)
Greece 2-Year Government Bond Yield
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihwqDNuOBMwOydv1heSMs99VA1fhWyHllZPobqme-g61nLIGl76gpFNVbUjjiysSSiefFN7hdFmS937Dzcd8Wjo1JOdqe84ZCpNIeI0PJYtwLFfTzR581LJiH4arBCKROs4_uSxlKmP7U/s400/sovereign+debt++Greece+2011-06-27A.png)
If EU and ECB officials thought they solved something with their Greek bailout maneuvers, the bond market disagrees and so do I.
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