Peripheral/German bond yields have been widening out in early European trade.
Presently seeing Italian/German 10 year bond spread at 457 bps from 444 bps first thing.
Spanish/German 10 year bond spread at 390 from the 380 I saw first thing.
European stocks have rebounded into positive territory, FTSE up +0.1%, DAX +0.1% and CAC 40 +0.3%.
