A MAJOR European Sovereign Bond Rally Is Happening

champagne

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 >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.