- FTSE +0.6%
- Cac +1.3%
- Dax +0.9%
- Ibex +1.7%
- FTSE Mib +2.3%
European bonds
- Italy 2.93% -8bp
- Spain 2.89% -8bp
- Portugal 3.45% -11bp
- Germany 1.44% -3bp
That really is an awesome day for European bonds but I can’t help but wonder how much further yields have to fall. Spanish yields will soon match the US. You wouldn’t have guessed that a few years ago.
Spanish/US 10 year bond spread 08 05 2014
