Italy 10-Year Above 7%

At 5:30 AM EST, Italy 10-year yields took out 7% again, currently printing 7.032%. Spain 10-year yields continue to creep higher, now well above 6% at 6.332%. As yields blow out, the fears of contagion across Europe are increasing.

Note Added 11/15/11 at 9:05 AM:  Italy 10-year is 6.945% last print. Spain 10-year is 6.295% last print.

Note Added 11/15/11 at 1:07 PM:  Italy 10-year now 7.265%.

Note Added 11/15/11 at 2:00 PM:  Spain 10-year yield is 6.603%.  France 10-year is 3.698% driving upwards hurting the French banks.

Note Added 11/15/11 at 3:03 PM:  Italy 10-year yield is 7.28%.  Spain 10-year yield is 6.603%.

Note Added 11/15/11 at 4:05 PM:  Spain 10-year yield is 6.433%.