Bond market overview after stocks close

The yield on the 10-year Italian bond fell at the close of trading on Monday, with the spread against the German benchmark hitting 127 basis points, down 1.7% from Friday.

The 10-year BTP ended the day at 3.545%, down 0.6% from Friday and with an intraday high of 3.558% and a low of 3.529%.

Five-year credit default swaps on Italian government bonds are now at 59.9, with an implied probability of default of 1.0%.

The 10-year German Bund is yielding 2.273%, down slightly from Friday with an intraday high of 2.291% and a low of 2.252%.

Elsewhere in Europe, the French 10-year yields 3.033%, down 0.1% from Friday, while the UK benchmark yields 4.2845%, up 0.8%.

In the US, the T-Note is at 4.123%, up 1.3% and with an intraday high of 4.148% and low of 4.093%.