ORIGINAL POST, SEE UPDATE BELOW: Spain has gotten all the attention, but last Fall’s big source of worry — Italy — is creeping back into the picture.
Yields on their 10-year are surging as well this morning, and are getting close to that magical (at least in the eyes of people who like round numbers) 6% level.
UPDATE: Wow: Italy just held some auctions, and now the yield on the 10-year has shot above 6%.
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