10-year yields break 2.60% and FTSE MIB is down by more than 1% to 2-month lows
And the euro is being dragged down along with it, as EUR/USD is now trading to session lows of 1.1647 - having just touched a low of 1.1643 on the day.
The negative sentiment in Italian assets is acting as a sentiment indicator for the euro today, and things are just getting uglier an uglier as the session continues right now.
The selloff in BTPs is in turn weighing on banking stocks in Italy, with the bank index touching 13-months low right now. What a turnaround from the open.
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