This graph appears to provide a vivid indicator that the world's economic condition is not moving in a 'positive' direction....yields headed downward is not indicative of strong economic growth trends! 

How much 'spoken word' power from the European central banks has assisted with this downward movement with everyone speaking about potential QE?

Although it is very interesting that the 'risk premium' for Italy and Spain appears to have dissipated...in spite of their continuing economic struggles.

Chart Of The Day