Italian Spreads Go 'Hockey Stick'

Nov. 9.11 | About: PowerShares DB (ITLY)

Yields on Italian debt are up once again today as 10-year sovereign debt are now up to 7.3%. As noted in a post yesterday, while Italian yields are soaring, yields on German and US debt are falling.

As a result, the spread between yields on 10-year Italian and German debt have now widened by more than 100 bps since last Friday alone.

click to enlarge

Click to enlarge