No real respite for Spanish and Italian debt as the Eurogroup meets in Brussels. Market is beyond looking for miracles to come from any one summit. It’s a process, as people involved in slow-moving negotiations like to say.
Spanish 2s are up 21 bp to 5.15% this morning while Italian 2s are at 4.38, up 26 bp.
Spanish 10s are at 7.07%, up 10 bp. Italy is at 6.09%, up 5 bp.
