. Italian 10-year yields dropped 30 bps to 1.33% (down 9bps). Spain’s 10-year yields fell 19 bps to 0.54% (up 7bps). German bund yields declined 15 bps to negative 0.47% (down 29bps). French yields dropped 17 bps to negative 0.06% (down 17bps). The French to German 10-year bond spread narrowed two to 41 bps. U.K. 10-year gilt yields sank 20 bps to 0.37% (down 56bps). U.K.’s FTSE equities index recovered 6.2% (down 26.9%).
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