10-year yields are up by 27 bps on the day now
And they're up to their highest levels since 4 September. The move today is akin to that in late May when there were scares over the new coalition government. The euro is a little weaker on the day as a result of the situation in Italy but domestic assets are the ones suffering most following the budget announcement yesterday.
Italy's FTSE MIB is now down 2.6% on the day as well. Ouch.
