Spanish 10-Year Bonds Steadily Rising

Dec. 14 (Bloomberg) -- Spanish government bonds fell for a seventh day as the country paid a higher rate to sell more than 2.5 billion euros ($3.3 billion) of securities and prepared to issue more debt later this week.

The yield on the 10-year Spanish bond rose six basis points to 5.54 percent at 4:22 p.m. in London. Italian bond yields rose three basis points to 4.62 percent after Prime Minister Silvio Berlusconi won confidence votes.

With yields rising for seven days in a row, Spain is showing more stress than Italy. A problem there would not be like Greece or Ireland. 2011 should be a very interesting year.