Euro-region finance ministers approved Greece’s package of new economic measures and paved the way for an extension to the country’s bailout agreement.

Yields on Greek three-year bonds dropped 279 basis points to 12.28 percent, the lowest since before the new government was sworn in on 27th January.

Markets continued to trade positively following the Case Shiller report stating widespread gains of US home prices last month, but investors are still cautious before Fed Chair Janet Yellen speaks to the US Senate at 10am NYT today.