Italy led the advance with the FTSE MIB climbing 1.34%, while Germany's DAX rose 1.45% to lead the major markets. The UK and Italy led the move, with the UK 10-year gilt yield dropping 10.1 basis points and Italy's 10-year BTP yield falling 8.8 basis points. Spain (-6.7 bps), France (-6.1 bps), Germany (-5.6 bps), and Switzerland (-1.5 bps) also saw yields move lower. Yields are lower across the curve, with the 10-year Treasury yield falling 5.7 basis points to 4.6878%. The 2-year yield is down 2.7 basis points to 4.2624%, the 5-year yield has declined 5.2 basis points to 4.4083%, and the 30-year yield is lower by 4.8 basis points to 5.2274%.