Greek Contagion? Spanish/Italian Bond Risk Surge Most In 4 Months

With Spanish and Italian leaders desperately running around to any and every media outlet to proclaim themselves economically fit and deny deny deny what Greek FinMin Varoufakis said yesterday, it appears the market has a different perspective. Portuguese bond spreads are 16bps wider and Spanish and Italian bond spreads are 12bps wider - their worst day in almost 4 months - as it appears Grexit fears are starting to creep into the rest of the periphery.



Charts: Bloomberg