Yields well below 7%, now at 6.82%, down 22 bp on the day.
Spreads over German bunds have tightened 31.5 bp German yields soar on growing expectations that European debts will be socialized among the 17 euro zone members, dragging down German credit worthiness while improving the credit worthiness of the periphery.
A 10 year bund yields 1.60% today versus recent lows of 1.17%, eroding the dollar’s interest rate cushion over the European benchmark.
