Here's That Selloff In Europe People Were Expecting — Yields In Spain And Italy Jump

Mariano Rajoy, Spain PM

Photo: Denis Doyle/ Getty Images

This weekend we pointed out that there are some some reasons to raise an eyebrow about the situation unfolding in Europe.A potentially major corruption scandal is swirling around Spanish PM Mariano Rajoy.

And in Italy, a coming election has people quietly nervous.

Today we’re seeing selling in the stock and bond front in both of those countries.

Italian stocks are down 1.3%.

Spain is down 0.5% (it was down 1.7% on Friday).

Two years borrowing costs in both countries is jumping a bit… not huge but notably.

Other than that: US futures a down a touch, while Asia was higher modestly.

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