European stock market close 22 September 2015

  • FTSE -2.75%
  • Cac -3.5%
  • Dax -3.9%
  • Ibex -3.1%
  • FTSE Mib -3.3%

European bonds

  • Italy 1.75% -6bp
  • Spain 1.95% -5bp
  • Portugal 2.56% +2bp
  • Germany 0.599% -8bp
  • Greece 8.23% flat

The stock market's loss looks to be bond's gain right now. US bonds are in demand as well. Yields in 10's are currently at the days lows of 2.13%

With US stocks continuing to fall it looks like they are finally accepting that the Fed is going to hike and the free lunch might be over