Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The Eurozone periphery bonds plunged on Monday as investors expect further policy easing from the European Central Bank (ECB) in its upcoming policy meeting, which trigged a worldwide selloff in lower-rated debt and a flight to haven investments such as German bunds.
The 10-year Irish 10-year bonds yield rose 1 basis point to 0.499 percent, Italian sovereign bond inched higher 2-1/2 basis points to 1.210 percent, Portuguese 10-year bonds yield bounced 5-1/2 basis points to 3.106 percent, Spanish 10-year bonds yield climbed 2-1/2 basis points to 1.166 percent by 11:00 GMT.
Being the safest asset in the euro area, German bunds are mostly preferred by the risk-averse investors after the Brexit result last month. Also, the Britain's decision to leave the EU forced the European Central Bank for injecting more stimulus, which boosted demand for fixed income securities. The yield on the Euro area benchmark German 10-year bond fell more than 1 basis point to -0.197 percent.
Moreover, the IMF trimmed its Eurozone 2017 GDP growth forecast to 1.4 percent, from earlier forecast from 1.6 percent. The IMF concluded that downside risks to the region have grown due in part to the UK vote and urged the ECB to further expand asset buying if inflation does not improve.
Also, the Moody's, a bond credit rating company also revised down its corresponding forecasts for the Eurozone to 1.5 percent for 2016 from the previous forecast of 1.7 percent and 1.3 percent, as compared to previous 1.6 percent for 2017.
Meanwhile, the pan-European STOXX 600 index was up 0.77 percent and the euro-area blue-chip gauge, the STOXX 50 jumped 0.97 percent. The DAX trading 1.35 percent higher and the CAC-40 rose 1.17 percent by 11:00 GMT.
