Italian Spreads Go 'Hockey Stick'

| 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.

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