Italian 10 year breaking to new lows

Yesterday the ECB stepped in to support the Italian 10 year 5 times to no avail, now it looks as if it will make a new low and a new record high yield.

For context a country that shows no growth such as Italy is considered to have a problem when yields cross 2.5% or so, the Italian yield may move close to 7% today if there is no ECB intervention. The 6% mark is where the decline has accelerated in the case of Greece, Portugal and Ireland.