We've touched on Italy.
We've mentioned France.
And now Spain.
It just held a 10-year bond auction, and according to CNBC's Beccy Meehan, the yield was an eye-popping 6.975%.
Here comes 7%.
You can get a sense of Spain's recent wild ride here, although this doesn't even capture today's big upward move in yields
Meanwhile, markets are in the red across Europe.
Italy is down 1.3%.
France is down over 1.1%.
And US futures -- which actually had been higher earlier, to the tune of 0.5% -- are barely clinging onto any gains now.
It case it weren't totally obvious by now... IT'S TIME FOR THE ECB.
We've mentioned France.
And now Spain.
It just held a 10-year bond auction, and according to CNBC's Beccy Meehan, the yield was an eye-popping 6.975%.
Here comes 7%.
You can get a sense of Spain's recent wild ride here, although this doesn't even capture today's big upward move in yields
Meanwhile, markets are in the red across Europe.
Italy is down 1.3%.
France is down over 1.1%.
And US futures -- which actually had been higher earlier, to the tune of 0.5% -- are barely clinging onto any gains now.
It case it weren't totally obvious by now... IT'S TIME FOR THE ECB.
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