European Stocks Tumble As Investors Rush Into "Safe Haven" Italian Bonds!?

Consumer confidence slumps in the core and Ukraine fears weighed heavily on European stocks despite getting a push from the insanity in US equity markets this morning. Europe closed at their lows of the day led by Italy and Portugal stocks fading fast. It would appear that these worried investors greatly rotated into safe-havens such as Italian government bonds - which broke to their lowest yield on record today... makes sense right?

European stocks tumble to lows of day...

 

All time reord low yields on Italian government debt...