Spreads over benchmark German bond yields continue to blow out in Europe.
Italy is out to 5.25% from lows of 4.60% on Friday after it became clear that Berlusconi was toast.
France is at a record 1.89 bp over bunds from 0.45% in mid-summer.
Spain is at 4.55%, a record wide spread over bunds.
The crisis in the European debt markets is alive and well after new governments were installed in Greece and Italy. No end in sight…
