"The ECB has held off purchasing sovereign debt bonds in Europe the past two weeks and the results were easily predictable. Yield on 10-Year Italian debt is back over 7%..."
Italy 10-Year Government Bond Yield
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWBIFV1kKHFdS0Qll1-2b7lYoVQAffoOLEUxOjHYcxTdClQrW457TY-CR50kp5s0jdmRpW5Q8UmYI5R-0Tk0GIOzwzWltMHju_UO_zsG7LydSKA3z49YNUbrtonLZqZwGnm_vhDBzXpoY/s400/sovereign+debt++Italy+2011-12-23.png)
at http://globaleconomicanalysis.blogspot.com/2011/12/ecb-holds-off-bond-purchases-italian-10.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
Italy 10-Year Government Bond Yield
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWBIFV1kKHFdS0Qll1-2b7lYoVQAffoOLEUxOjHYcxTdClQrW457TY-CR50kp5s0jdmRpW5Q8UmYI5R-0Tk0GIOzwzWltMHju_UO_zsG7LydSKA3z49YNUbrtonLZqZwGnm_vhDBzXpoY/s400/sovereign+debt++Italy+2011-12-23.png)
at http://globaleconomicanalysis.blogspot.com/2011/12/ecb-holds-off-bond-purchases-italian-10.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29