Spanish and Italian borrowing costs are soaring higher again, an ominous sign that near-term worries about Europe remain high.
Check out the damage today:
Italian 10-year yields are a marginally worrisome 6 basis points higher, but have once again broken an important 6.0 per cent benchmark.
But the big news is all about Spain.
UPDATE (6:48 AM ET): Spanish yields have finally hit that 7 per cent benchmark, above which other bailed out countries have asked for aid to finance government spending.
Spanish 10-year yields are up 23 basis points to 7.0 per cent: