Goldman Sachs sees 7% as the critical level for Italian 10 year bond yields (currently at 5.7%)....

|By:, SA News Editor

Goldman Sachs sees 7% as the critical level for Italian 10 year bond yields (currently at 5.7%). While it would take several years of debt rollovers for this price to pass through, markets wouldn't wait for that, very quickly creating a negative self-fulfilling situation for the economy. Higher rates and a falling stock market in the past month have already done a lot of damage.