The Spanish 10-year bond fell below 5 percent fro the first time since March 9, 2012, reports Bloomberg.
This is a notable milestone for the country that continues to struggle with its heavy debt load.
Yes, Europe continues to have a lot of work ahead. However, skyrocketing borrowing costs, which are symptomatic of a crisis mindset, seem to be behind us for now.
Here's a look at the one-year chart via Bloomberg.
