• Spanish 10s up to 5.87% after falling as low as 5.71% earlier today
  • Italian 10 yr yields now higher on the day at 5.52% after a low of 5.40%
  • Spreads over bunds widening amidst flight to German safety

Euro down to a session low of 1.3061. Worries about banks are popping up with shares of Soc Gen down 6%.

  • EUR/USD stops seen below 1.3050, with more below 1.3040