Italian bond yields aren’t the only thing spiking this morning.
In case you forgot, there is an “S” in PIIGS.
The spread between Spanish and German 10-year bond yields has jumped by 6.11% to its highest level since before the European Central Bank started buying bonds in August.
Just as frightening could be the 9.04% spike in the spread between French and German 10-year bonds.
Check out Spain: