Italian borrowing costs hit highest since January

Highest levels since the January LTRO, which might not be a coincidence because there is talk that banks are being taken out of LTRO trades.

Technically, yields look like they want to retest 7% and probably higher.

Regions are also the problem in Italy. Monti is on the wires saying the central government will oversee public reforms in Sicily. He said transparency is needed in spending.

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