It’s like it’s Summer 2011 (or Summer 2012) all over again.
Borrowing costs in Spain and Italy are surging again, as concerns over Italy are throwing a roundhouse to the Eurozone’s most on-the-edge cases.
Spanish 2-year yields have jumped back above 3%.
Italian 10-year yields are jumping big, up to 4.8%.
Photo: Business Insider, Bloomberg
Of course, equities are getting clubbed everywhere, with Italian banks really getting slaughtered.