European bonds are not liking this Mario Draghi press conference.
Italy's 10-year bond yield is up to 6.16%, up from 5.96% earlier. The spread between 10-year Italian bonds and German bunds is up 20 basis points.
Spreads are wider mostly across the board - Belgium, Spain, Greece and France are all wider against German bunds. Only Austria and Portugal are narrowing, for some reason.
Update: The Italian 10-year yield is up to 6.22% now and still climbing.
And Draghi just said the ECB has not discussed capping these sovereign bond yields, yet another kick.view original article