Italian 2 year notes sell off, yields rise +8 bps to 2.36%

Italian 10 year govt bond yield up +5 bps at 4.95%

Spanish 2 year notes see yields rise +4 bps to 3.10%

Spanish 10 year govt bond yield up +5 bps at 5.64%

EUR/USD slightly easier in early European trade, presently at 1.2915.

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