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This is the #1 metric we’ll be watching all week: What direction to Italian yields go?At the moment, inexorably higher. Last week’s EU summit, which prompted a huge “risk” rally has provided no help whatsoever on the anti-contagion front.
Italy’s 10-year is now up to 6.07%.
The spread between it and Germany is obviously up as well today.
Wanted: Intervention from the ECB.
For more on what markets are doing in Europe today, see here.
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