ECB trying to get on top of this
The ECB response to this has been a total mess. France's Le Maire said the central bank should intervene quickly and massively.
Yields in the eurozone have risen today with German bunds up 20 bps to -0.235% on the prospects for eurobonds.
The ECB doesn't have much in its playbook that I can see but hopefully there is some creativity out there and they can find a way to make magic happen.