German DAX -2.1%. France’s CAC down -1.9%
The major European indices are ending the session with declines.
- German DAX, -2.0%
- France’s CAC, -1.9%
- UK’s FTSE 100, -2.8%
- Spain’s Ibex, -2.7%
- Italy’s FTSE MIB, -1.9%
- Portugal’s PSI 20, -2.9%
in the European debt market, the benchmark 10 year yields are ending the session mixed. Germany and UK yields are down marginally (-1 basis point and -0.3 basis points respectively). Italian yields rose 1.7 basis points despite ECB’s Villeroy’s comment that yields and spreads do matter to the ECB. Portugal 10 year yields are up 2.2% as well.