2-year yields surge saw a 100 bps gain moments ago
It's getting uglier by the minute in Italy and it doesn't look like it's going to stop any time soon. 2-year bond yields touched a high of 1.91% earlier, having closed yesterday at 0.90%. That's a whopping 100 bps gain in just under 40 minutes.
Meanwhile, 10-year yields continue to surge higher as well trading up to 2.90% currently - up by more than 20 bps on the day so far.
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