Italy, Greece Caught in Bond Rout Pose ECB With Another Headache
- Greek bond yields set for biggest weekly rise since April
- Italian debt unwinds Draghi’s relief rally as yields rise
Greek securities are on course for their worst week since April.
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
When the bonds of Europe’s peripheral countries lead a selloff, it’s not normally a good sign.
Greek securities are on course for their worst week since April, while Italy’s 10-year yield spread over Germany -- a key gauge of risk in the region -- climbed above 100 basis points for the first time since Mario Draghi became prime minister earlier this month.