Photo: Flickr / dkshots
The week begins fairly quietly, but European sovereign borrowing costs along the periphery are blowing up once again.The Spanish 10-year yield is closing in on 7.07%.
The Italian 10-year is at 6.142%.
The Italian 2-year, which is arguably more important, is making a big leg up, as yields pass 4.1%.
On the equities front, things are a little better, as various indices are actually in the green, however US futures are pointing a bit lower at the moment.
Earlier things were more benign on the equities front, but things have gotten bad. Italy is off 0.73
This week should be interesting, as there will be very little data for markets to go off of. In the US, the big datapoint today is the Consumer Credit number, which comes out at 3 PM ET.