Fears and concerns returned to the market which been reflected by higher yields on some European nations, as the Spanish and Italian benchmark bonds (10 years) rallied amid high uncertainty and unclear outlook for both countries.

Spain's 10 year bonds' yields rose to the highest since December to reach 5.71% since the spotlight is on Spain now and weather it will be able to achieve the budget deficit goals or not. Also, the yield on Italian ten years bonds rose to 5.4%.