The Italian Market Is Getting Hammered And Yields Are Jumping In Spain

We mentioned earlier that there was weakness in Europe today, as fears grow about the political situation in both Italy and Spain.

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.

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 >