Yields are sharply higher today. Draghi comments weigh on stocks and bond prices.
The European major stock indices are ending the day in the red.
- German Dax is down -0.80%
- France Cac is down -0.7%
- UK FTSE is down -0.2%
- Spain's Ibex is down -0.3%
- Portugal PSI20 is down -0.80
- Italy's FTSE MIB is down -1.0%
In the 10 year debt market in Europe, yields are ending sharply higher on the hawkish comments from ECB Draghi today.
- German 0.351%, up 10 bp
- France 0.720%, up 12 bp
- UK 1.079%, up 6.9 bp
- Spain 1.472%, up 10 bp
- Portugal 3.047%, up 12 bp
- Italy 2.037%, up 14 bp