Add yeast to lukewarm water and let stand until softened or dissolved, about 5 minutes. Cream butter and sugar in a large mixing bowl. In a separate bowl, add salt to egg yolks and beat until thick; then add to sugar and butter mixture. Add yeast and water, lemon rind, and cinnamon. Add flour alternately with milk and beat well to make a smooth batter. Add raisins and knead by hand until batter leaves the fingers. Let rise in a warm place until double (about 1-¼ hours). Punch down and let rise again until double.
Generously butter a fluted tube pan. Sprinkle with fine bread crumbs and fill with dough. Brush with mixture of egg yolk beaten with 2 tablespoons water. Sprinkle with almonds and let rise again. Bake in preheated 350 degrees F oven for 30 minutes.