Euribor futures advanced by 16 basis points while the two-year yield sank by 12 basis points to 1.78%.

FORBES: Central Bankers Boost Buoyant Bond Market Tone

Euribor futures rose in defiance almost daring the ECB to make such a bold move in the face of growing financial market uncertainty.

FORBES: Eurozone Spreads Blow-Out as Focus Shifts From Athens To Lisbon

Euribor futures surged as implied yields slid and the three-month Libor eased today for the first time since mid-March to 1.42% consistent with a futures price of 98.58.

FORBES: Bond Market Takes Payroll Data With Pinch of Salt