Bond Yields Soar Speculators Bet Against Spain, Belgium and France

With the situation already critical in Italy, investor doubts about France and Belgium are also increasing. Yields for new borrowing from the countries rose to record-high levels on Tuesday, with a sharp uptick on interest rates for Spanish government bonds too. Deutsche Bank is calling for the European Central Bank to take radical steps to reduce dangerously high bond yields.
The Spanish stock exchange in Madrid: Yields on French, Spanish and Belgian government bonds rose sharply Tuesday.

The Spanish stock exchange in Madrid: Yields on French, Spanish and Belgian government bonds rose sharply Tuesday.

Foto: Sergio Barrenechea/ dpa
dsl -- with wires