There isn't much that hasn't already been said since last week. The ECB isn't showing much signs of urgency to address fragmentation risks and they aren't perturbed (yet) by the jump in periphery bond yields since Thursday last week.

For some context, 10-year Italian bond yields have jumped up by a staggering 67 bps since last Wednesday's closing level. It's all about this issue at the moment when it comes to European bond markets: