Italy 10-Year Bond Yield Pushes Above 7%

Current yield print for Italy 10-Year is 7.014%. The 7% level was breached within the last half hour, now moving more convincingly above.  This signals great stress occuring in Europe and the financials. These levels have not been seen since the introduction of the euro. Italy 2's (7.40%), 5's (7.29%) and 10's are now all over 7%; note the inverted yield curve with 2's and 5's now above 10's . U.S. futures are strongly red, with the S&P down 22, Dow Industrials down about 160, Nasdaq down 37. Gold is down 17, platinum down 20 and oil off about a buck.

As of 11/9/11 at 5:37 AM EST:  Italy 2-Year now over 8%. This is remarkable to see the yields climb at this pace in real-time this morning.  Now printing; Italy 10-year 7.375%; 5-year 7.642%; 2-year 8.034%.