BTPs Break 7% Again On Italian Downgrade Rumors

Tyler Durden's picture

Chatter across European bond desks that a sovereign downgrade is nigh has sent BTP spreads and yields soaring. ECB buying earlier is now under-water once again.

and BTP spreads to Bunds breaks back above 525bps

2s10s is bear flattening also - not a good day for Monti...

Chart: Bloomberg