Everything is going wrong in europe today
Brokers sit in front of screens showing the German market rates at the German stock exchange in Frankfurt/Main, on March 9, 2012.
Europe can't seem to catch a break today.
Just take a look at all the latest headlines:
German industrial production data proved a major disappointment, falling 1.3 percent month-over-month, versus an expected 0.5 percent. Germany is a major exporter to the rest of Europe, and this is the latest sign that contractions in the periphery are starting to affect the European core.
Yields on Spanish bonds are at their highest levels since December, before the European Central Bank's first three-year long-term refinancing operation. Yields on the ten-year stand at 5.83 percent after rising more than 13 bps so far today. The spread between Spanish bonds and German bunds topped 400 bps for the first time since December.
French borrowing costs rose slightly in a bond auction this morning, with yields on the 10-year up to 2.98 percent from 2.91 percent in March. Those yields are up four bps in the secondary markets just under 3.00 percent.
Please follow Money Game on Twitter and Facebook.
Follow Simone Foxman on Twitter.
Ask Simone A Question >
More from our partners at Business Insider:
Jim Cramer Just Went Totally Nuclear On "Whiner" Jamie Dimon
THE YEARBOOK: 8 Stunning Photographs Of American Socialites
This Is The Last Thing You See Before Yahoo Fires You
One Of Our Favorite Indicators Is On The Verge Of Going Negative
IT'S REAL: Check Out What It's Like Using Google's Crazy Computerized Glasses
The story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!