Bond yields in the eurozone are hitting new lows not seen since 2010... That's Italy (in brown dropping below 4 per cent) and Spain on the top with France and Portugal on the bottom (click to enlarge). We are taking bets on whether it's hopes of ECB action increasing post-lousy PMIs (Eurofirst up 1 per cent-ish at pixel), delight that Italy has a president no matter his age, Japanese money splashing into any home, a general search for safe assets, the slow death of austerity or summit else... Related link: Italian bond yields: the dog that didn't bark?