Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year...
Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.
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