Spanish, Italian 10 year govt bond yields climbing

Spanish 10 year govt bond yield presently up at 6.32% having been below 6.20% earlier in the session.

Will not be helping euro’s cause any, EUR/USD having tripped small stops through 1.2570, presently at 1.2565.

Italian 10 year govt bond yield up around 8 bps on the day at 6.35%.

Reports have buy orders clustered 1.2550/60 now, sell stops gathered through 1.2540.

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