The yield on Spain's 10-year government paper slips nearly 5 basis points to 2.595% today, compared to 2.62% for U.S. 10-year Treasurys.
In this, Spain has joined Ireland, whose 10-year notes yield less than 2.50%. Italy at 2.72% has yet to join the party. Greece? Its 10-year notes trade at 5.78%.