Italy 2-year bond yields fall back below 1% to start the day
And that should at least provide some optimism for European stocks later as this will at least keep Italian stocks buoyed. Savona's comments overnight here basically called the euro "indispensable" and that is helping to provide a lift for Italian bonds.
Meanwhile, the yields spread between Italy and Germany 10-year bonds are also starting to narrow a little more - falling to 231 bps now:
Though the positive spillover here hasn't done much for the euro with EUR/GBP basically unchanged on the day but EUR/USD is trading a little lower as the dollar pulls slightly ahead on the session.
