Here's What Everyone Doesn't Want To See Happen In Italy

Italian yields are spiking, topping 6.65% today.

But precedent—rather than numbers alone—could be the reason investors are running scared.

 While yields in Portugal and Greece briefly declined after topping 6%, that momentary lull gave way to skyrocketing borrowing costs. And let’s not forget that Italian bond yields already topped 6% back in August.

Check out this precedent from Reuters chartist Scott Barber:

greece ireland portugal bond yields

Photo: Scott Barber via Twitter

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