When ECB president Christine Lagarde talks about wanting to avoid fragmentation in European bonds, she doesn't want to see spread widening between Germany and the higher indebted countries like Italy, Spain and Portugal. Today the Italian 10 yr/German 10 yr yield spread is widening by another 5 bps to the widest since May 2020 at 224 bps but for perspective, it got as …
[Read more...] about Fragmenting again/Japan steps up verbal intervention