The Italian Market Is Getting Hammered And Yields Are Jumping In Spain
Feb 4, 2013, 16:17 IST
We mentioned earlier that there was weakness in Europe today, as fears grow about the political situation in both Italy and Spain.
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Equity-wise, Italy is taking the brunt.
The market is down over 1.6%.
Here's an intraday chart of the Italian stock index, the FTSE MIB.
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Meanwhile, Spanish yields are jumping.
On the all-important Spanish 2-Year bond, borrowing costs are going from 2.46% to 2.60%, a fairly meaningful jump at that level.
For more on why there are reasons to worry about Europe, see here >