The yield gap between 10-year Italian bonds and their German peers widened for a third day to 226 basis points, the most since May 2020.
The yield on 10-year Italian bonds rose 13 basis points to 2.73%, headed for their highest close since 2014. The rout also spread to Greek debt, which is considered to be even more sensitive to ECB policy. The benchmark 10-year yield surged as much as 29 basis points to 4.41%, the highest since January 2019.
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