Heavy losses for European stocks while 10yr Bund yields turn negative for the first time ever

European stock market close 14 June 2016

• FTSE -2.0%

• Cac -2.3%

• Dax -1.4%

• Ibex -2.1%

• FTSE Mib -2.1%

European bonds

• Italy 1.51% +5bp

• Spain 1.56% +6bp

• Portugal 3.39% +17bp

• Germany -0.004% -3bp

• Greece 8.21% +37bp

A ways further and German 10's will be off the ECB shopping list.

German 10 year yield