The mayhem caused by the Fed daring to suggest that it could soon start cutting off the...

|By:, SA News Editor

The mayhem caused by the Fed daring to suggest that it could soon start cutting off the liquidity extends to the European bond markets. Ten-year yields on French bonds +13 bps to 2.24, Germany +11 bps to 1.67%, Italy +18 bps to 4.43%, Portugal +15 bps to 6.22%, Spain +16 bps to 4.69%, U.K. +15 bps to 2.28%. It's worth noting that Japanese 10-year yields are up just 3 bps at 0.84%.