As news continues to stream from the Middle East on the spreading revolutions, it is important not to forget that across the pond in Europe things continues to grow darker by the day.
The following are the 10 year yields for individual country debt. As yields go higher it means bond values are falling and investors are demanding a premium to loan the country their money.
As yields rise higher it also makes it tougher for the country to pay the debt it already has in place, which then leads to a bail out. If a bail out cannot be put together in time, then we have Lehman Brothers part II. Stay tuned.