The major European indices are closing higher for the day and also near their high levels for the day:
The provisional closes are showing:
- German DAX, +0.9%
- France's CAC +1.8%
- UK's FTSE 100 +1.5%
- Spain's Ibex +1.6%
- Italy's FTSE MIB +1.1%
In the European debt market, the benchmark 10 year yields are modestly higher with the exception of the UK 10 year yield . Recall from yesterday the yield in the UK fell by some 25+ basis points on the day. Today's gains are a bounce back from those sharp declines. The German 10 year yield is also back above the 0.0% level at 0.016%.
Benchmark European 10 year yields
