Bonds are rallying

Uncertainty over Greece has money moving out of riskier assets like stocks and commodities and into the safety of government debt.

Aggressive buying has pressured government debt yields on traditional safe-havens to their lowest levels since the beginning of June. When bond yields fall, bond prices rise, and so alternatively you could say that bonds are rallying.

Here's the scoreboard:

• UK 10-year yield: -18 basis points at 1.82%
• Germany 10-year yield: -12 basis points at 0.639%
• France 10-year yield: -11 basis points at 1.13%
• US 10-year yield: -9 basis points at 2.19%

Investing.com

Interestingly, peripheral debt is also bid, but yields remain near multi-month highs.

• Spain 10-year yield: -8 basis points at 2.28%
• Italy 10-year yield: -9 basis points at 2.29%

Investing.com

Lagging notably is Portugal, who was a previous recipient of an IMF bailout, but exited the program in May 2014. While yields across most of Portugal's curve are higher, the 10-year holds slightly below the flat line.

• Portugal 10-year yield: -2 basis points at 3.13%

Investing.com

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