Yields fall in eurozone after rate cut.

Yields on eurozone sovereign debt fell across the board in the wake of the ECB's rate cut as investors reacted to Mario Draghi's perceived willingness to cut the deposit rate below zero, Yields on French, Austrian, and Belgian bonds hit record lows as spreads against safe haven German bunds compressed in Italy and Spain. After nearly pricing in a eurozone dissolution late last summer, fixed income investors now seem to be reacting as though the crisis is over.