Euro-Zone Bond Yields Rise

The euro zone's bond market continued to post troubling returns Tuesday as Italy passed a key threshold on borrowing costs despite the recent political and economic measures taken to prevent default. Italy’s 10-year-bond yield exceeded 7 percent—the point at which Greek and Portuguese bond yields resulted in bailouts from the European markets. Germany and France remained the strongest economies in the euro zone, and Germany was the only country to have a declining bond yield—cementing its position as the gold-standard economy. Despite the grim news out of Europe, Wall Street was up Tuesday due to gains in the technology sector.