Greece Is So Yesterday, It’s Now About Italy As Bond Yields Surge

Berlusconi thought “Italy is fine” because “restaurants are fully booked”.

Well, who cares if Italian restaurants are fully booked.  Italian 10-year yields and Italian-German spread are both shooting up, reaching record high.  Yield has reached 6.6%, and the spread between Italian bonds and German bunds has reached 486 bp.  As a reminder, 7% 10-year yield would be the level to watch, as that was the level where other peripheral countries needed bailout.

Source: Bloomberg

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About Zarathustra

Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.