European indices are closing lower as yields move higher. Markets are spooked as a result of the election results which shifted more to the right. In the benchmark 10 year sector:Germany 2.676%, +5.2 basis pointsFrance 3.239%, +13.4 basis pointsUK 4.329%, +7.5 basis pointsSpain 3.493%, +9.6 basis pointsItaly 4.08%, was 13.6 basis pointsLooking at the major indices in Europe:German DAX, -0.37%France CAC, -1.35%UK FTSE 100 -0.21%Spain's Ibex, -0.42%Italy's FTSE MIB, -0.34%As London/European traders head for the exits, broader US indices are positive. The S&P did trade above its all-time high closing level, but has backed off a bit:Dow Industrial Average was -42 points or -0.11% at 38755.00S&P
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