Bonds -Irish 10 yr thru 8% and Portugal's thru 7% - Sell Spanish 5 yr says HSBC

The headline of this post has the crux of matters at lunchtime, detail from Bloomberg is here.

It seems inconceivable that this chaos can continue.

Thank goodness the EU has its Finnish Financial Wizard, Olli Rehn, from Mikkeli on the job in Ireland....... (only taking the Mickie!))