European markets are cheering on the compromise by European leaders
Italian 10-year bond yields are down 4 bps at the open, falling to just under 1.06% to its lowest level since 5 March as investors are cheering on the recovery fund agreement.
This is also helping to keep risk in a better spot as we get the session going, as we see the yields spread between 10-year Italian and German bonds fall to its lowest level since late February now; falling to ~150 bps:
