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Eurocrashing [updated]

Europe’s biggest fallers at pixel time (via Reuters). Notice a trend?

The Italian 10-year bond yield is above 5.5 per cent. Its Spanish peer is closing in on 6 per cent…

Updated – Spanish 10-year through 6 per cent. Now into territory last seen before the euro (1997 in fact). Via Markit’s Lisa Pollack, the bank (and blue-chip) capitulation as seen in credit — Monday’s worst ten performers in the iTraxx Europe index:

 

 

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