12. June 2012 05:29
Yields here are virtually flat as the tentative markets appear to be taking a wait and see approach to the situation in Europe.
Spain's borrowing costs, on the other hand, are rising for the second day in a row as investors worry about details of the 100 billion euro recapitalization of the country’s banks. The yield on Spain’s benchmark 10-year bond rose to 6.6% -- approaching the critical 7% level.
And there continues to be concerns about the upcoming election in Greece. The vote is seen as a referendum on whether the country will remain in the Eurozone.