HUGE European Sovereign Bond Rally Is Happening

Business Insider

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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