Italy's Yields Soar to New Record Spread

Italian 10-year yields rose another 0.13%, to 6.23% today. The difference in yield over German bunds reached a new euro-era record of 4.37%.
Italian 10-year borrowing costs are now the highest relative to benchmark German yields since the creation of the euro in 1999. In contrast, German yields fell the most in more than two years, outperforming all their euro-area peers. Investors are seeking the safest ports.

The planned Greek referendum, if it happens before elections are called, is being blamed for the latest woes.

Another day in Europe.