Spain's government bonds shoot up above 6%

Spain's government bonds shot up today to 6.1%. At this rate we're rapidly approaching the "danger zone" of 7% and above, often mentioned by James Turk. You can easily see LTRO I and LTRO II in this chart 1. Maybe Spain will need LTRO III to make the yields drop again...






Chart 1: Spanish Bond Yields (10 YR)

Meanwhile, people keep fleeing into German bonds, which dropped to 1.5%.




Chart 2: German Bond Yields (10 YR)


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