The European bond selloff continues unabated, once again led by surging yields on 2-Year bonds pretty much across the board, especially Italy, Belgium, and Portugal.

Italy 2-Year Government Bonds

Note: these charts are all from 3:00AM central or so.

At 5:30 AM central the two-year yield on Italy hit a whopping 5.90%

Belgium 2-Year Government Bonds

Portugal 2-Year Government Bonds

Note: these charts are all from 3:00AM central or so.

At 5:30 AM central the two-year yield on Portugal hit a whopping 18.30%
Spain 2-Year Government Bonds

Germany 2-Year Government Bonds

I failed to mention previously that the yield on Greek 1-Year bonds soared over 300% on November 23. Here is the chart.

Greek 1-Year Government Bonds

Mike “Mish” Shedlock
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