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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.

Greek securities are on course for their worst week since April.

Photographer: Yorgos Karahalis/Bloomberg
Updated on

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.