Sovereign Debt Table 10-Year Bonds
Sovereign Debt Table 2-Year Bonds
Note the inverted yield curve for Italy and Belgium.
Italian 2-year bonds were smacked hard today, opening at 7.27% before calming down to 7.06%. The 10-year yield opened at 6.85 and surged to 6.98 before calming down to 6.88%. 2-year Italian bonds are not only above 7%, but also yield more than 10-year bonds.
Note: At 4:13 ET 2-Year Italian bonds are back up to 7.21%, and climbing way faster than 10-Yr bonds at 6.91%
Mike "Mish" Shedlock
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