Bank Stocks Are Reeling in Europe, German Bunds Soar

Eurostoxx 50 is off by 1.4% now, led lower by the Italian markets grease balling lower by 2.3%. At the top of the kill list are the banks.

Here are some of the notable death notices.

Deutsche Bank -7.4%
Unicredit -4.2%
Soc Gen -3.2%
Credit Suisse -4:8%
UBS -3%
RBS -4.8%
Standard Chartered -3.2%

On the other side of the spectrum are bonds, absolutely soaring in price this morning, led higher by a collapse in German bunds off by 5bps to -0.02%

US futs are -97.