CNBC: Europe’s fear gauge just hit its highest level since May 2020

  • The difference in Italian and German bond yields is seen as a measure of stress in European markets and is closely watched by investors.
  • The spread widened Monday to levels not seen since May 2020, indicating — among other things — that markets are becoming increasingly worried about the ability of Italy to repay its debt.
  • ECB officials have failed to provide any details about potential measures to support highly-indebted nations, which is making some investors nervous.

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Photo: ECB

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