German 10-year bond rates dropped a record low amid speculation that Germany’s inflation is slowing to the weakest pace. The fell as much as four basis points.

Austria’s 10-year bonds reached as low as 0.848%.

Portugal’s bonds fell to 2.82% – also a record.

Spanish bonds gained as consumer prices fell to 0.5% in the last 12 months.

French 10-year bonds fell five basis points on Thursday afternoon.

Italy’s borrowing costs droped to record lows as the country auctioned off 7 billion euros worth of debt due between 2019-2024.

Greek bonds dropped for a third day as Finance Minister Gikas Hardouvelis said a short extension of the nation’s bailout is likely for technical reasons. On Thursday afternoon they were at 8.39%.