So suddenly no-one wants to lend to Germany for the next ten years - hardly surprising because by lending to Germany investors are effectively lending money to Greece, Portugal and even Italy.
Last week Italian ten-year bond yields surged to above 7%, but managers are urging investors to be cautious
Positive economic data from Japan, US and China boosts fund manager's confidence in the global economy
Fidelity Worldwide Investments has launched an Emerging Markets Inflation Linked Bond fund for Andrew Weir.
T. Rowe Price has added a European High Yield Bond strategy to its fixed income range, managed by Mike Della Vedova.
The euro weakened this morning as the cost of insuring French bonds climbed to a record, Spanish yields rose and european equities retreated for a second day.