Dax fails to capitalise on upbeat IFO and bond yields tumble again

Steady gains in European stock, with two going against the grain, as as we get the provisional closing numbers

  • FTSE -0.3%
  • Cac +0.6%
  • Dax +0.6%
  • Ibex +1.2%
  • FTSE Mib -0.2%

European bonds

  • Italy 2.18% -3bp
  • Spain 1.97% -4bp
  • Portugal 2.97% -3bp
  • Germany 0.783% -1bp

European bond yields having another stormer following Draghi’s comments last week. Spanish 10’s are under 2% for the first time ever.

Spanish 10 year yields 24 11 2014

Spanish 10 year yields 24 11 2014

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