Photo: barneymoss via Flickr
Europe is rallying today, and the gains are particularly notable on the yield front, as investors snap up debt in Spain, Italy, Portugal, and Greece.The Italian 10-year is down 4.435%, levels not seen since late 2010.
The Portuguese 10-year is down to 7.485%, a level not seen since since February 2011.
The Spanish 10-year is 5.229%, the lowest since the Spring.
Greece is having a monster day, with 10-year yields dropping below 15%, far and away its best level since the restructuring.