by Calculated Risk on 7/22/2011 08:49:00 AM

Here it is - no surprise. From Bloomberg: Fitch Ratings Says Greece Faces ’Restricted Default’ After New Debt Pact

Yields have fallen sharply this morning ...

The Greek 2 year yield is down to 25.7% (was above 39%).

The Portuguese 2 year yield is down to 14.9% (was above 20%)

The Irish 2 year yield is down to 14.7% (was above 23%).

The Italian 2 year yield is down to 3.6%. And the Spanish 2 year yield is down to 3.7%.

Here are the links for bond yields for several countries (source: Bloomberg):

Greece	2 Year	5 Year	10 Year
Portugal	2 Year	5 Year	10 Year
Ireland	2 Year	5 Year	10 Year
Spain	2 Year	5 Year	10 Year
Italy	2 Year	5 Year	10 Year
Belgium	2 Year	5 Year	10 Year
France	2 Year	5 Year	10 Year
Germany	2 Year	5 Year	10 Year