Italian 10-year govt bond yield drops below 6%.
Spanish/German govt bond yield spread 16 bps lower on day at 370 bps.
European stocks performing very well early, DAX up 1.2%, Italy’s FTSE MIB up 1.8%, Spain’s IBEX up 2%
EUR/USD has firmed in early European trade, presently up at 1.4318 from around 1.4275 when I arrived.
