EUROZONE / ITALY / SPAIN: Alarm In Roma And Madrid As Bond Yields Hit 14 Year Highs; Berlusconi Tries To Calm Markets.

BBC


The bond vigilantes are on the hunt...again.
This time Italy and Spain are back in their sites.
Italian and Spanish bond yields hit their highest levels in 14 years...nearing the 7% yield danger point...and prompting Spain's lameduck PM José Luis Rodríguez Zapatero to postpone his vacation.