Portugal: 8.6% real interest rate
This graph shows what it costs the Portugese government to borrow money over 10 years: 8.6%.
I've just checked with my own bank and they're offering me 9.9% unsecured over 10 years so my "spread" over Portugal is 1.3 percentage points - much less than Portugal's spread over Germany.
I can't be bothered flagging it up on the actual graphic because I am glued to the BBC's Lambing Live, but the spike in May last year is the Greek bailout, the spike in December the Irish bailout and the current spike - it is a spike - means a bailout is as sure to follow as a little Swaledale lamb is sure to pop into Kate Humble's hands during live TX.
Right now it's nearly as risky to lend to a private individual as it is to the government of Portugal.
Meanwhile the IMF is said to be pushing for the d-word. Default. According to Der Speigel, it's privately advising Greece to restructure its debts, paying only a percentage of what its lenders owe. Greece's debts are now pushing 150% of GDP. Portugal's are projected to be 97% this year.
Will the moment of truth for EU strategy on sovereign debt happen before lambing season is over? Not sure.