Nice Turnaround In Italian Yields Today

Photo: flickr/marcelgermain

Quick note: Yesterday there was a jump in Italian borrowing costs, thanks to political fears (the stock market got clubbed as well).In addition to a jump in the Italian stock market, which we mentioned earlier, there’s a nice improvement in borrowing costs.

Yield on the Italian 2-year is down from 1.77% to 1.67%, a pretty substantial gain.

Spain is seeing improvement as well.

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