The Eurozone government bonds plunged on Tuesday as the recent polls showed Brexit fears among investors started to fade, boosting risk sentiments.

The benchmark German 10-year bonds yield, which moves inversely to its price rose 1 basis point to 0.069 percent, French 10-year bunds yield jumped 1-1/2 basis point to 0.447 percent, Italian equivalents inched higher nearly 3 basis points to 1.398 percent, Netherlands 10-year bonds yield moved up 1-1/2 basis points to 0.308 percent, Portuguese 10-year bonds yield bounced 3 basis points to 3.190 percent, Spanish 10-year bonds yield climbed 3 basis points to 1.518 percent and British 10-year bonds yield ticked 1-1/2 basis points higher to 1.257 percent by 10:00 GMT.

The recent polls in the United Kingdom in run up to the June 23 Brexit referendum indicate that the percentage of citizens in favour of "Remain" the European Union (EU) has outnumbered those who want to "Leave", easing the possibility that Britain might leave the EU after 43 years of membership in the bloc.

According to the NatCen poll results on the United Kingdom referendum campaign, 53 percent would vote to 'Remain' in the European Union, while, 47 percent would vote to 'Leave'. Similarly, the ORB/Daily Telegraph poll results on the United Kingdom referendum campaign, 53 percent would vote to 'Remain' in the European Union, while, 46 percent would vote to 'Leave'.

Interestingly, a UK petition to cancel Thursday's European Union referendum has gathered momentum in support in the days following the killing of MP Jo Cox, the Independent reported. Over 20,000 people have signed the statement on the Parliament website in the last few days calling for the vote to be called off at the last minute. The petition has over double the 10,000 required signatures for it to reach its first hurdle, the government will be obliged to issue an official response to it in due course. At the current rate of increase, the campaign looks set to hit 100,000 signatures before polling day on Thursday, a bar which would normally trigger a debate in parliament.

Moreover, the implied probability of a 'Remain' vote in Thursday's EU referendum has hardened further, to 78 percent, after jumping to 72 percent earlier in the morning, up from 60 to 67 percent, on Friday, according to the latest odds from bookmaker Betfair. William Hill is higher at 83 percent. This is occurring in tandem with the latest run of polls released at the weekend showing the momentum gradually swinging back in favour of the 'Bremaineers' and indeed the declaration of the UK Times newspaper to back the 'Remain' camp.

Meanwhile, the pan-European STOXX 600 index was up 0.12 percent and the euro-area blue-chip gauge, the STOXX 50 jumped 0.31 percent. The FTSE 100 Index fell 0.23 percent, the DAX trading 0.04 percent lower and the CAC-40 rose 0.26 percent by 10:15 GMT.