New significant deterioration recorded in bonds with a focus on Italy.
The performance of the Italian 10-year bond at 7.36%, which exceeded the zone of 7% which is the red line for a country to join a support mechanism.
Italy in terms of market risk. Italy is out of the markets.
The CDS at 545 bps spread and spread difference of Italian and German bonds to 570 basis points.
Noted that Greece entered a support mechanism where the return of Greek 10-year had reached 6.25%.
The situation for bonds is negative given that the French spreads relative to Germany is at 132 basis points to a new record high.
The CDS of other countries remain very high.
Greece is at 6100 bps or 61%, Portugal 1065 bp, Ireland 7555 bp, France 188 bp and 93 bp Germany.
The euro was at $ 1.3680 decline significantly with variation of $ 1.3670 and $ 1.3890.