Low Yields?

"As bond yields soar across Western Europe, other countries once considered much riskier as issuing debt at among their lowest interest rates ever. Russia, returning to the market for the first time since defaulting on its debt in 1998, recently sold 10-year bonds with a yield of 5%. Investors charged Egypt 5.75% on its 10-year bonds. In contrast, Portugese bonds are yielding 6% and Ireland's are yielding 5.8%", Tom Lauricella at the WSJ, 6 May 2010, link:

http://online.wsj.com/article/SB10001424052748703322204575226721369616334.html.

Narrowing spreads between US Treasury interest rates and those of other governments may be saying something Timmy Boy Geithner might not want to hear. You should. Bonds are a sell! Even US Treasuries? Yes.