The Italian bond market is taking the worst of it today, 2-year notes 42 bps higher to 5.06%...

|By:, SA News Editor

The Italian bond market is taking the worst of it today, 2-year notes 42 bps higher to 5.06% (the yield briefly fell below 2% following LTRO II in February). 10-year paper is 24 bps higher to 6.58%, well above the levels which helped trigger panicky action last summer. With Spain maybe about to fall into the arms of the Troika, the battle moves to Italy.