Italy Getting Uglier: Main Index Down Nearly 3%, As Short-Term Yields Explode

It took a while — the early trading wasn’t so chaotic — but the Italy minimeltdown people were waiting for all wekend is on.

The main index is now down about 2.8% (see chart to the right).

2-year yields are exploding higher, preparing to break through 4%.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.