- Harkening back to the sorts of moves we used to see as Greece nearly spun out of the EU, the 10-year Italian government bond yield is up 42 basis points to 3.09%. The 10-year Spanish yield is up nine basis points to 1.61%.
- That's sparked buying in Germany and the U.S., with the 10-year Bund yield down six basis points to 0.29%, and the 10-year Treasury yield down 6.5 basis points to 2.865%. It was only about 10 days ago, with the 10-year crossed above 3.1%. TLT +0.75%, TBT -1.5% premarket.
- There's plenty of selling in European equity markets as well, with Italy and Spain each down 2.5%, and Germany off 1.4%.
- S&P 500 futures are down 0.65%.
- Gold (NYSEARCA:GLD) is flat at $1,308.
- ETFs: TLT, TBT, VGK, TMV, HEDJ, FEZ, EWP, TBF, EDV, TMF, EZU, IEV, TTT, ZROZ, VGLT, EPV, IEUR, EURL, TLH, FEU, UBT, DBEU, SPTL, HEZU, DLBS, EEA, FEEU, FEP, VUSTX, UPV, ADRU, TYBS, DLBL
- Now read: Vanguard FTSE Europe ETF: There's No Alpha, But That's Not The Point
Original article