The S&P rating agency downgrade talk for the European nations is causing the French banks to selloff strongly this morning. German banks are selling off but not as much as France banks.
10-Year Yields:
Italy 6.00
Spain 5.14
Belgium 4.36
France 3.21
U.K. 2.33
Germany 2.24
U.S. 2.06
U.K. and German yields are rising compared to yesterday. France is flat. Italy and Spain show a decrease in yields compared to yesterday morning. Continue to watch France.
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