A MAJOR European Sovereign Bond Rally Is Happening


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.

For more on what’s happening in Greece, see here >

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