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Italy Bond Yields Up, Worry About Portugal Rises

Italian bond yields rose to their highest levels since January as capital markets investors continued to express worry that more EU nations have set austerity plans which will not work to close budget deficits. The victim earlier in the week…

By Douglas A. McIntyre
Published April 12, 2012, 6:24am ET · 1 min read

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Italian bond yields rose to their highest levels since January as capital markets investors continued to express worry that more EU nations have set austerity plans which will not work to close budget deficits. The victim earlier in the week was Spain.

And, the Portugal stock market fell 2% today. There are very few reasons to believe that the ability of the three nations to raise capital will not continue to be under siege.

Even with a new $1 trillion set of bailout funds about to be set in place, global capital markets investors clearly believe that the failures of Spain, Portugal, and perhaps Italy cannot be sustained by the financial foundations of the EU

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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